Stonehaven Wealth & Tax Solutions LLC Purchases New Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Stonehaven Wealth & Tax Solutions LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 73,789 shares of the company’s stock, valued at approximately $2,831,000. SPDR Portfolio Emerging Markets ETF makes up about 3.1% of Stonehaven Wealth & Tax Solutions LLC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors have also recently bought and sold shares of SPEM. XTX Topco Ltd purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at approximately $213,000. Belpointe Asset Management LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 2.9% during the 4th quarter. Belpointe Asset Management LLC now owns 20,701 shares of the company’s stock worth $799,000 after acquiring an additional 587 shares during the last quarter. CreativeOne Wealth LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 14.2% in the 4th quarter. CreativeOne Wealth LLC now owns 97,642 shares of the company’s stock worth $3,747,000 after acquiring an additional 12,142 shares in the last quarter. Peninsula Wealth LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 43.3% in the fourth quarter. Peninsula Wealth LLC now owns 35,674 shares of the company’s stock valued at $1,369,000 after purchasing an additional 10,778 shares during the last quarter. Finally, Elm Partners Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at about $10,283,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $37.79 on Wednesday. The company has a market capitalization of $9.99 billion, a price-to-earnings ratio of 14.84 and a beta of 0.67. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $42.88. The company has a 50-day simple moving average of $39.09 and a two-hundred day simple moving average of $39.47.

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.