Arete Wealth Advisors LLC Raises Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Arete Wealth Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 6.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 41,843 shares of the company’s stock after buying an additional 2,699 shares during the period. Arete Wealth Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $1,726,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of SPEM. Rothschild Investment LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at about $27,000. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF during the third quarter worth $39,000. Hershey Financial Advisers LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth $49,000. American National Bank increased its position in SPDR Portfolio Emerging Markets ETF by 132.0% during the second quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares in the last quarter. Finally, SouthState Corp purchased a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth $86,000.

SPDR Portfolio Emerging Markets ETF Trading Down 2.0 %

SPDR Portfolio Emerging Markets ETF stock opened at $40.26 on Wednesday. The stock has a market cap of $9.56 billion, a PE ratio of 13.05 and a beta of 0.81. The stock has a 50-day moving average price of $40.43 and a 200 day moving average price of $39.00. SPDR Portfolio Emerging Markets ETF has a 52 week low of $33.52 and a 52 week high of $42.88.

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.