Peak Financial Management Inc. Raises Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Peak Financial Management Inc. grew its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 243,718 shares of the company’s stock after acquiring an additional 6,997 shares during the period. SPDR Portfolio Emerging Markets ETF comprises about 2.8% of Peak Financial Management Inc.’s holdings, making the stock its 12th largest holding. Peak Financial Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $9,351,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Occidental Asset Management LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 0.7% in the fourth quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after purchasing an additional 312 shares during the period. Hofer & Associates. Inc boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.2% during the 3rd quarter. Hofer & Associates. Inc now owns 27,976 shares of the company’s stock valued at $1,155,000 after buying an additional 332 shares in the last quarter. City State Bank grew its position in shares of SPDR Portfolio Emerging Markets ETF by 1.6% in the 4th quarter. City State Bank now owns 21,271 shares of the company’s stock worth $816,000 after buying an additional 335 shares during the period. Carnegie Investment Counsel increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.6% in the 4th quarter. Carnegie Investment Counsel now owns 13,151 shares of the company’s stock worth $505,000 after acquiring an additional 335 shares in the last quarter. Finally, Boston Mountain Money Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 0.5% during the 3rd quarter. Boston Mountain Money Management Inc. now owns 79,282 shares of the company’s stock valued at $3,273,000 after acquiring an additional 376 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $38.92 on Monday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $33.94 and a fifty-two week high of $42.88. The firm’s 50-day simple moving average is $39.01 and its two-hundred day simple moving average is $39.18. The stock has a market cap of $9.24 billion, a PE 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.