Focus Partners Wealth Grows Position in SPDR Portfolio Emerging Markets ETF $SPEM

Focus Partners Wealth increased its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.3% in the fourth quarter, Holdings Channel reports. The fund owned 2,209,880 shares of the company’s stock after purchasing an additional 130,182 shares during the quarter. Focus Partners Wealth’s holdings in SPDR Portfolio Emerging Markets ETF were worth $103,255,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 20.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after acquiring an additional 2,653,013 shares during the period. LPL Financial LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 12.7% in the fourth quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock worth $729,630,000 after acquiring an additional 1,758,866 shares during the period. Allworth Financial LP lifted its stake in SPDR Portfolio Emerging Markets ETF by 1.0% in the fourth quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock worth $437,929,000 after acquiring an additional 94,029 shares during the period. Morgan Stanley lifted its stake in SPDR Portfolio Emerging Markets ETF by 9.8% in the fourth quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock worth $327,570,000 after acquiring an additional 622,595 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock worth $228,232,000 after acquiring an additional 279,126 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $52.11 on Monday. SPDR Portfolio Emerging Markets ETF has a 1-year low of $40.83 and a 1-year high of $53.54. The company has a 50-day moving average of $50.96 and a 200 day moving average of $49.14. The firm has a market cap of $17.86 billion, a PE ratio of 15.39 and a beta of 0.60.

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.