McNamara Financial Services Inc. Has $51.28 Million Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

McNamara Financial Services Inc. grew its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,416,849 shares of the company’s stock after acquiring an additional 22,324 shares during the quarter. SPDR Portfolio Emerging Markets ETF accounts for 11.0% of McNamara Financial Services Inc.’s holdings, making the stock its 4th biggest position. McNamara Financial Services Inc. owned 0.60% of SPDR Portfolio Emerging Markets ETF worth $51,276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of SPEM. Anchor Investment Management LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at approximately $28,000. American National Bank boosted its position in SPDR Portfolio Emerging Markets ETF by 179.0% during the 4th quarter. American National Bank now owns 809 shares of the company’s stock worth $29,000 after acquiring an additional 519 shares during the last quarter. Frazier Financial Advisors LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $32,000. Tsfg LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $70,000. Finally, Fortitude Family Office LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $82,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM traded down $0.08 during trading hours on Wednesday, reaching $37.58. 1,055,461 shares of the stock were exchanged, compared to its average volume of 1,665,833. The stock has a market cap of $8.92 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a twelve month low of $32.06 and a twelve month high of $38.84. The firm has a 50 day moving average of $37.52 and a 200 day moving average of $36.08.

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.