Savvy Advisors Inc. Boosts Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Savvy Advisors Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 155.8% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 112,965 shares of the company’s stock after buying an additional 68,805 shares during the period. SPDR Portfolio Emerging Markets ETF comprises about 0.9% of Savvy Advisors Inc.’s portfolio, making the stock its 20th largest holding. Savvy Advisors Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $4,663,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of SPEM. Quent Capital LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 17.6% in the 1st quarter. Quent Capital LLC now owns 58,427 shares of the company’s stock valued at $2,114,000 after purchasing an additional 8,748 shares during the period. US Bancorp DE boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 40.9% during the 1st quarter. US Bancorp DE now owns 13,995 shares of the company’s stock worth $506,000 after acquiring an additional 4,063 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 15.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 15,716 shares of the company’s stock worth $569,000 after acquiring an additional 2,052 shares in the last quarter. Sheets Smith Wealth Management grew its position in shares of SPDR Portfolio Emerging Markets ETF by 2.7% during the 1st quarter. Sheets Smith Wealth Management now owns 13,098 shares of the company’s stock valued at $474,000 after acquiring an additional 347 shares during the period. Finally, Cozad Asset Management Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 31.8% in the 1st quarter. Cozad Asset Management Inc. now owns 23,207 shares of the company’s stock valued at $840,000 after purchasing an additional 5,602 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 1.4 %

Shares of SPEM stock opened at $39.71 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $33.52 and a 12-month high of $42.88. The business’s 50 day moving average is $40.24 and its two-hundred day moving average is $38.73. The company has a market capitalization of $9.43 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.