Rialto Wealth Management LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Rialto Wealth Management LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,573 shares of the company’s stock, valued at approximately $60,000.

A number of other institutional investors also recently modified their holdings of SPEM. Compass Planning Associates Inc bought a new position in SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $28,000. Archer Investment Corp acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at $39,000. Strategic Wealth Investment Group LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $46,000. SBI Securities Co. Ltd. acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $64,000. Finally, Blue Trust Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 474.2% during the 4th quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after acquiring an additional 1,878 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

SPEM opened at $39.95 on Monday. The stock has a market capitalization of $10.43 billion, a P/E ratio of 14.32 and a beta of 0.66. The company’s 50 day simple moving average is $38.93 and its 200-day simple moving average is $39.51. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one year high of $42.88.

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.