Sugarloaf Wealth Management LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Free Report) by 2.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 237,808 shares of the company’s stock after acquiring an additional 5,705 shares during the period. SPDR Portfolio Emerging Markets ETF makes up about 1.6% of Sugarloaf Wealth Management LLC’s investment portfolio, making the stock its 14th largest position. Sugarloaf Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $9,125,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Archer Investment Corp bought a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth about $49,000. McClarren Financial Advisors Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 583.2% in the 3rd quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after acquiring an additional 2,193 shares in the last quarter. Fortitude Family Office LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $121,000. Finally, JGP Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $204,000.
SPDR Portfolio Emerging Markets ETF Stock Performance
NYSEARCA SPEM traded down $0.66 during trading hours on Friday, hitting $37.38. 1,131,193 shares of the company traded hands, compared to its average volume of 1,824,210. The business’s 50-day moving average is $39.45 and its 200-day moving average is $39.16. The stock has a market capitalization of $8.87 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a twelve month low of $33.52 and a twelve month high of $42.88.
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.
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