Vericrest Private Wealth Acquires New Shares in SPDR Portfolio Emerging Markets ETF $SPEM

Vericrest Private Wealth acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, according to its most recent filing with the SEC. The fund acquired 13,426 shares of the company’s stock, valued at approximately $695,000. SPDR Portfolio Emerging Markets ETF makes up 0.6% of Vericrest Private Wealth’s holdings, making the stock its 25th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ascentis Independent Advisors bought a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $27,000. Align Financial LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth $32,000. Robinswood Financial LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth $32,000. Brown Lisle Cummings Inc. bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth $53,000. Finally, Gould Capital LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter worth $59,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $50.85 on Thursday. The stock has a market cap of $16.91 billion, a PE ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The stock has a fifty day moving average of $52.23 and a 200-day moving average of $51.58.

About SPDR Portfolio Emerging Markets ETF

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.