5,201 Shares in SPDR Portfolio Emerging Markets ETF $SPEM Bought by Meridian Wealth Management LLC

Meridian Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 5,201 shares of the company’s stock, valued at approximately $222,000.

A number of other institutional investors have also made changes to their positions in SPEM. 3EDGE Asset Management LP boosted its stake in SPDR Portfolio Emerging Markets ETF by 309.6% during the 2nd quarter. 3EDGE Asset Management LP now owns 3,182,524 shares of the company’s stock valued at $135,997,000 after purchasing an additional 2,405,474 shares during the period. Jane Street Group LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $57,992,000. Cassaday & Co Wealth Management LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 686.2% in the second quarter. Cassaday & Co Wealth Management LLC now owns 1,141,575 shares of the company’s stock worth $48,791,000 after acquiring an additional 996,366 shares during the last quarter. LPL Financial LLC increased its position in SPDR Portfolio Emerging Markets ETF by 6.1% during the first quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock worth $421,513,000 after acquiring an additional 620,049 shares during the period. Finally, Capital Advisors Inc. OK increased its position in SPDR Portfolio Emerging Markets ETF by 3,503.2% during the second quarter. Capital Advisors Inc. OK now owns 416,459 shares of the company’s stock worth $17,799,000 after acquiring an additional 404,901 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $46.72 on Wednesday. The company has a market cap of $14.42 billion, a PE ratio of 15.39 and a beta of 0.56. The firm has a fifty day moving average price of $47.08 and a two-hundred day moving average price of $44.35. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $48.56.

SPDR Portfolio Emerging Markets ETF Profile

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.