Avantax Advisory Services Inc. Acquires 5,805 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Avantax Advisory Services Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 32.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 23,581 shares of the company’s stock after purchasing an additional 5,805 shares during the period. Avantax Advisory Services Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $905,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. LPL Financial LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 5.2% during the 3rd quarter. LPL Financial LLC now owns 9,644,278 shares of the company’s stock worth $398,116,000 after purchasing an additional 476,292 shares during the last quarter. Allworth Financial LP raised its stake in SPDR Portfolio Emerging Markets ETF by 3.0% during the fourth quarter. Allworth Financial LP now owns 6,486,557 shares of the company’s stock worth $250,381,000 after buying an additional 189,092 shares during the last quarter. State Street Corp raised its stake in SPDR Portfolio Emerging Markets ETF by 10.4% during the third quarter. State Street Corp now owns 6,290,419 shares of the company’s stock worth $259,668,000 after buying an additional 591,019 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in SPDR Portfolio Emerging Markets ETF by 37.9% in the fourth quarter. Bank of New York Mellon Corp now owns 2,694,747 shares of the company’s stock valued at $103,397,000 after buying an additional 740,980 shares during the period. Finally, Townsquare Capital LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 6.5% during the third quarter. Townsquare Capital LLC now owns 2,154,446 shares of the company’s stock valued at $88,936,000 after acquiring an additional 132,008 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 0.9 %

SPEM stock opened at $40.20 on Friday. The firm has a market cap of $10.63 billion, a PE ratio of 14.80 and a beta of 0.67. The stock has a 50-day moving average price of $39.22 and a 200-day moving average price of $39.58. SPDR Portfolio Emerging Markets ETF has a 1-year low of $35.00 and a 1-year 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.