Financial Advocates Investment Management Buys 11,137 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Advocates Investment Management grew its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 15.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 82,362 shares of the company’s stock after buying an additional 11,137 shares during the period. Financial Advocates Investment Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $3,160,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Stifel Financial Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the 3rd quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock valued at $2,665,000 after purchasing an additional 4,049 shares during the period. Advisory Resource Group boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.4% during the 3rd quarter. Advisory Resource Group now owns 60,213 shares of the company’s stock valued at $2,486,000 after purchasing an additional 3,068 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.1% in the third quarter. JPMorgan Chase & Co. now owns 637,654 shares of the company’s stock worth $26,322,000 after purchasing an additional 19,370 shares during the last quarter. Forbes Financial Planning Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 8.8% during the third quarter. Forbes Financial Planning Inc. now owns 73,136 shares of the company’s stock valued at $3,019,000 after buying an additional 5,937 shares during the last quarter. Finally, Broadview Financial Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 24.4% during the 3rd quarter. Broadview Financial Management LLC now owns 27,003 shares of the company’s stock valued at $1,115,000 after buying an additional 5,299 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM opened at $39.04 on Thursday. The stock has a 50 day moving average price of $38.92 and a 200-day moving average price of $39.18. SPDR Portfolio Emerging Markets ETF has a one year low of $34.30 and a one year high of $42.88. The company has a market capitalization of $9.27 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.