Colton Groome Financial Advisors LLC Makes New $3.23 Million Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Colton Groome Financial Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 62,390 shares of the company’s stock, valued at approximately $3,229,000. SPDR Portfolio Emerging Markets ETF comprises approximately 0.8% of Colton Groome Financial Advisors LLC’s investment portfolio, making the stock its 29th largest holding.

Other hedge funds have also made changes to their positions in the company. Rosenberg Matthew Hamilton acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $1,463,000. FC Advisory LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $261,000. QRG Capital Management Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 61.1% in the second quarter. QRG Capital Management Inc. now owns 45,034 shares of the company’s stock valued at $2,332,000 after purchasing an additional 17,087 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after purchasing an additional 237,526 shares in the last quarter. Finally, State Street Corp grew its position in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after purchasing an additional 329,626 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.1%

Shares of SPEM traded up $0.04 during mid-day trading on Tuesday, reaching $52.85. 1,167,698 shares of the company’s stock were exchanged, compared to its average volume of 2,544,537. The company has a 50-day simple moving average of $52.20 and a two-hundred day simple moving average of $51.15. SPDR Portfolio Emerging Markets ETF has a 52-week low of $45.28 and a 52-week high of $53.54. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61.

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.