SPDR Portfolio Emerging Markets ETF $SPEM Shares Newly Bought by Peak Financial Management Inc.

Peak Financial Management Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 268,118 shares of the company’s stock, valued at approximately $13,878,000. SPDR Portfolio Emerging Markets ETF makes up 3.1% of Peak Financial Management Inc.’s investment portfolio, making the stock its 8th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quantinno Capital Management LP boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 25.5% in the first quarter. Quantinno Capital Management LP now owns 79,830 shares of the company’s stock worth $3,745,000 after buying an additional 16,232 shares during the period. Gateway Wealth Partners LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 107.2% in the 1st quarter. Gateway Wealth Partners LLC now owns 163,531 shares of the company’s stock valued at $7,671,000 after acquiring an additional 84,601 shares in the last quarter. Isthmus Partners LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 1st quarter worth approximately $16,291,000. Capital Asset Advisory Services LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 7.4% in the 1st quarter. Capital Asset Advisory Services LLC now owns 666,463 shares of the company’s stock worth $34,056,000 after purchasing an additional 46,113 shares during the period. Finally, IFP Advisors Inc boosted its stake in SPDR Portfolio Emerging Markets ETF by 18.2% in the 2nd quarter. IFP Advisors Inc now owns 164,298 shares of the company’s stock worth $8,507,000 after purchasing an additional 25,284 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM traded down $0.66 on Friday, hitting $50.69. 1,725,308 shares of the stock were exchanged, compared to its average volume of 2,518,503. 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 capitalization of $16.86 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. The company’s 50-day moving average price is $52.32 and its two-hundred day moving average price is $51.46.

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.