Phoenix Wealth Advisors Boosts Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Phoenix Wealth Advisors raised its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 61.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,693 shares of the company’s stock after acquiring an additional 9,763 shares during the quarter. Phoenix Wealth Advisors’ holdings in SPDR Portfolio Emerging Markets ETF were worth $899,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Anchor Investment Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $28,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $28,000. Carmichael Hill & Associates Inc. acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $32,000. PCA Investment Advisory Services Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth approximately $32,000. Finally, FinTrust Capital Advisors LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth approximately $36,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.4 %

NYSEARCA:SPEM traded up $0.13 during trading hours on Wednesday, hitting $35.43. The company had a trading volume of 498,395 shares, compared to its average volume of 1,913,897. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $37.06. The company has a 50-day moving average of $35.85 and a 200 day moving average of $34.76. The company has a market cap of $8.41 billion, a P/E ratio of 12.11 and a beta of 0.78.

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.