Melone Private Wealth LLC Has $4.38 Million Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Melone Private Wealth LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.6% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 114,240 shares of the company’s stock after purchasing an additional 1,748 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 2.3% of Melone Private Wealth LLC’s holdings, making the stock its 18th largest position. Melone Private Wealth LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,383,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of SPEM. Stifel Financial Corp boosted its stake 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 worth $2,665,000 after acquiring an additional 4,049 shares during the period. Second Line Capital LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 4.5% during the second quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock worth $7,683,000 after purchasing an additional 8,783 shares during the period. SPC Financial Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.1% in the second quarter. SPC Financial Inc. now owns 79,752 shares of the company’s stock valued at $3,004,000 after purchasing an additional 3,889 shares during the last quarter. Advisory Resource Group raised its position in shares of SPDR Portfolio Emerging Markets ETF by 5.4% in the third 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 period. Finally, Forbes Financial Planning Inc. lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 8.8% during the 3rd quarter. Forbes Financial Planning Inc. now owns 73,136 shares of the company’s stock worth $3,019,000 after buying an additional 5,937 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $37.51 on Wednesday. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 52 week low of $33.52 and a 52 week high of $42.88. The company has a 50-day simple moving average of $39.26 and a 200 day simple moving average of $39.18.

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.