JDM Financial Group LLC Purchases 3,452 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

JDM Financial Group LLC grew its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 113,794 shares of the company’s stock after buying an additional 3,452 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for approximately 3.3% of JDM Financial Group LLC’s investment portfolio, making the stock its 11th largest holding. JDM Financial Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,029,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in SPEM. ACT Advisors LLC. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $584,000. Lockerman Financial Group Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter valued at approximately $321,000. Walkner Condon Financial Advisors LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the third quarter. Walkner Condon Financial Advisors LLC now owns 253,259 shares of the company’s stock valued at $8,502,000 after purchasing an additional 1,643 shares during the last quarter. Echo Wealth Management LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.9% during the third quarter. Echo Wealth Management LLC now owns 63,160 shares of the company’s stock valued at $2,120,000 after purchasing an additional 2,965 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 16.0% during the third quarter. Kathleen S. Wright Associates Inc. now owns 46,769 shares of the company’s stock valued at $1,570,000 after purchasing an additional 6,450 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 1.2 %

Shares of SPEM traded up $0.42 during mid-day trading on Friday, hitting $36.57. 1,028,053 shares of the company traded hands, compared to its average volume of 1,913,245. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $37.06. The business has a 50-day moving average of $36.00 and a 200 day moving average of $34.89. The stock has a market capitalization of $8.68 billion, a price-to-earnings ratio of 12.11 and a beta of 0.78.

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.