Abound Financial LLC Takes $6.20 Million Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Abound Financial LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 161,453 shares of the company’s stock, valued at approximately $6,195,000. SPDR Portfolio Emerging Markets ETF makes up approximately 3.1% of Abound Financial LLC’s investment portfolio, making the stock its 9th biggest position. Abound Financial LLC owned 0.07% of SPDR Portfolio Emerging Markets ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Planning Associates Inc bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $28,000. Archer Investment Corp bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at $39,000. Strategic Wealth Investment Group LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $46,000. Blue Trust Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 474.2% during the fourth quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock valued at $94,000 after purchasing an additional 1,878 shares in the last quarter. Finally, McClarren Financial Advisors Inc. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.3% during the fourth quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock valued at $110,000 after purchasing an additional 316 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM stock opened at $40.35 on Friday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $35.00 and a fifty-two week high of $42.88. The business’s 50-day moving average is $38.86 and its two-hundred day moving average is $39.37. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 14.32 and a beta of 0.66.

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.