SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Shares Bought by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners raised its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 51.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,380 shares of the company’s stock after buying an additional 3,539 shares during the period. Tennessee Valley Asset Management Partners’ holdings in SPDR Portfolio Emerging Markets ETF were worth $398,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of SPEM. Archer Investment Corp purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at about $39,000. Hershey Financial Advisers LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth approximately $49,000. McClarren Financial Advisors Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 583.2% in the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after purchasing an additional 2,193 shares during the period. Fortitude Family Office LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $121,000. Finally, Abound Wealth Management increased its position in shares of SPDR Portfolio Emerging Markets ETF by 420.2% in the fourth quarter. Abound Wealth Management now owns 3,418 shares of the company’s stock valued at $131,000 after buying an additional 2,761 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $38.92 on Monday. The firm has a market capitalization of $9.24 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The business’s 50 day moving average price is $39.01 and its 200-day moving average price is $39.18. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.94 and a 1 year 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.