Leicht Financial Planning & Wealth Management Inc. Buys 234,692 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Leicht Financial Planning & Wealth Management Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, Holdings Channel.com reports. The fund purchased 234,692 shares of the company’s stock, valued at approximately $12,148,000. SPDR Portfolio Emerging Markets ETF makes up approximately 5.0% of Leicht Financial Planning & Wealth Management Inc.’s holdings, making the stock its 8th biggest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Paces Ferry Wealth Advisors LLC grew its position in SPDR Portfolio Emerging Markets ETF by 4.1% during the first quarter. Paces Ferry Wealth Advisors LLC now owns 5,257 shares of the company’s stock valued at $247,000 after buying an additional 206 shares during the period. Kraft Davis & Associates LLC increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.7% in the second quarter. Kraft Davis & Associates LLC now owns 12,406 shares of the company’s stock valued at $634,000 after buying an additional 207 shares in the last quarter. D.A. Davidson & CO. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 4.7% in the first quarter. D.A. Davidson & CO. now owns 5,175 shares of the company’s stock worth $243,000 after acquiring an additional 234 shares during the period. Balefire LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 0.4% in the second quarter. Balefire LLC now owns 72,611 shares of the company’s stock worth $3,760,000 after acquiring an additional 255 shares during the period. Finally, Archer Investment Corp raised its position in shares of SPDR Portfolio Emerging Markets ETF by 15.2% in the first quarter. Archer Investment Corp now owns 1,986 shares of the company’s stock worth $93,000 after acquiring an additional 262 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 1.7%

SPEM stock opened at $48.22 on Friday. The company’s 50-day simple moving average is $51.42 and its 200-day simple moving average is $50.71. SPDR Portfolio Emerging Markets ETF has a 52-week low of $45.28 and a 52-week high of $53.54. The firm has a market cap of $16.04 billion, a P/E ratio of 15.39 and a beta of 0.63.

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.