Financial Advocates Investment Management Purchases 8,112 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Advocates Investment Management boosted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 14.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,253 shares of the company’s stock after buying an additional 8,112 shares during the period. Financial Advocates Investment Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,496,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. American National Bank increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 179.0% in the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after acquiring an additional 519 shares in the last quarter. Frazier Financial Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at $32,000. Lynx Investment Advisory acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at about $35,000. WASHINGTON TRUST Co bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $44,000. Finally, LRI Investments LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $101,000.

SPDR Portfolio Emerging Markets ETF Trading Up 0.4 %

SPDR Portfolio Emerging Markets ETF stock traded up $0.15 during midday trading on Thursday, reaching $38.58. The stock had a trading volume of 150,826 shares, compared to its average volume of 1,574,774. The company has a fifty day moving average price of $38.01 and a two-hundred day moving average price of $37.13. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.06 and a 12 month high of $39.32. The company has a market capitalization of $9.16 billion, a P/E ratio of 13.05 and a beta of 0.81.

SPDR Portfolio Emerging Markets ETF 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.