Financial Enhancement Group LLC Has $4.89 Million Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Enhancement Group LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 135,697 shares of the company’s stock after acquiring an additional 2,646 shares during the period. Financial Enhancement Group LLC owned 0.06% of SPDR Portfolio Emerging Markets ETF worth $4,886,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SPEM. Anchor Investment Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $28,000. American National Bank increased its stake in SPDR Portfolio Emerging Markets ETF by 179.0% in the fourth quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after acquiring an additional 519 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $32,000. Tsfg LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $70,000. Finally, Fortitude Family Office LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $82,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM traded down $0.08 during mid-day trading on Wednesday, reaching $37.58. The stock had a trading volume of 1,055,461 shares, compared to its average volume of 1,665,833. The stock has a 50-day simple moving average of $37.52 and a two-hundred day simple moving average of $36.08. The stock has a market capitalization of $8.92 billion, a PE ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 12 month low of $32.06 and a 12 month high of $38.84.

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.