Phoenix Wealth Advisors Increases Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Phoenix Wealth Advisors increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 36.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 64,304 shares of the company’s stock after buying an additional 17,140 shares during the quarter. Phoenix Wealth Advisors’ holdings in SPDR Portfolio Emerging Markets ETF were worth $2,467,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Occidental Asset Management LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 0.7% during the fourth quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after buying an additional 312 shares in the last quarter. Hofer & Associates. Inc increased its stake in SPDR Portfolio Emerging Markets ETF by 1.2% during the third quarter. Hofer & Associates. Inc now owns 27,976 shares of the company’s stock worth $1,155,000 after acquiring an additional 332 shares during the last quarter. City State Bank increased its stake in SPDR Portfolio Emerging Markets ETF by 1.6% during the fourth quarter. City State Bank now owns 21,271 shares of the company’s stock worth $816,000 after acquiring an additional 335 shares during the last quarter. Carnegie Investment Counsel increased its stake in SPDR Portfolio Emerging Markets ETF by 2.6% during the fourth quarter. Carnegie Investment Counsel now owns 13,151 shares of the company’s stock worth $505,000 after acquiring an additional 335 shares during the last quarter. Finally, Boston Mountain Money Management Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 0.5% during the third quarter. Boston Mountain Money Management Inc. now owns 79,282 shares of the company’s stock worth $3,273,000 after acquiring an additional 376 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.9 %

SPEM stock opened at $38.59 on Wednesday. The business has a fifty day moving average of $39.05 and a two-hundred day moving average of $39.18. The stock has a market cap of $9.16 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 $33.78 and a 52-week high of $42.88.

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.