IAG Wealth Partners LLC Acquires 1,979 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

IAG Wealth Partners LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.1% during the 4th quarter, Holdings Channel reports. The firm owned 40,842 shares of the company’s stock after buying an additional 1,979 shares during the period. IAG Wealth Partners LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $76,342,000. BlueStem Wealth Partners LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $38,051,000. Bank of New York Mellon Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 37.9% during the 4th quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock worth $103,397,000 after acquiring an additional 740,980 shares in the last quarter. State Street Corp raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 10.4% during the 3rd quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after acquiring an additional 591,019 shares in the last quarter. Finally, Wealthfront Advisers LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $19,872,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $39.50 on Thursday. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67. SPDR Portfolio Emerging Markets ETF has a 1 year low of $35.00 and a 1 year high of $42.88. The business’s 50 day simple moving average is $38.98 and its 200-day simple moving average is $39.52.

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.