Financial Gravity Asset Management Inc. Grows Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Financial Gravity Asset Management Inc. grew its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 298,897 shares of the company’s stock after purchasing an additional 12,973 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises approximately 2.7% of Financial Gravity Asset Management Inc.’s investment portfolio, making the stock its 12th biggest holding. Financial Gravity Asset Management Inc. owned about 0.09% of SPDR Portfolio Emerging Markets ETF worth $13,991,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 20.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock valued at $743,082,000 after buying an additional 2,653,013 shares during the last quarter. LPL Financial LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.7% during the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after buying an additional 1,758,866 shares during the last quarter. Allworth Financial LP grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.0% during the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock valued at $437,929,000 after buying an additional 94,029 shares during the last quarter. Morgan Stanley grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 9.8% during the fourth quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock valued at $327,570,000 after buying an additional 622,595 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.5% during the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock valued at $228,232,000 after buying an additional 279,126 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $52.11 on Friday. The firm has a market capitalization of $17.86 billion, a PE ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1-year low of $40.83 and a 1-year high of $53.54. The company’s fifty day moving average price is $50.96 and its 200-day moving average price is $49.12.

SPDR Portfolio Emerging Markets ETF Company 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.