Penobscot Wealth Management Buys 723 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Penobscot Wealth Management boosted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,705 shares of the company’s stock after buying an additional 723 shares during the period. Penobscot Wealth Management’s holdings in SPDR Portfolio Emerging Markets ETF were worth $564,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of SPEM. WealthPlan Investment Management LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at $347,000. Verus Capital Partners LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.9% in the third quarter. Verus Capital Partners LLC now owns 19,053 shares of the company’s stock valued at $787,000 after acquiring an additional 1,061 shares in the last quarter. First Heartland Consultants Inc. bought a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $327,000. Empower Advisory Group LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 59.2% in the 3rd quarter. Empower Advisory Group LLC now owns 10,217 shares of the company’s stock worth $422,000 after purchasing an additional 3,801 shares in the last quarter. Finally, Hassell Wealth Management LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 3.5% in the 3rd quarter. Hassell Wealth Management LLC now owns 21,576 shares of the company’s stock valued at $868,000 after purchasing an additional 723 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 0.5 %

Shares of NYSEARCA:SPEM opened at $39.50 on Thursday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88. The company’s 50 day moving average price is $38.98 and its two-hundred day moving average price is $39.52. The firm has a market cap of $10.44 billion, a PE ratio of 14.80 and a beta of 0.67.

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.