Echo Wealth Management LLC Buys 1,276 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Echo Wealth Management LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.1% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 62,680 shares of the company’s stock after acquiring an additional 1,276 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 1.7% of Echo Wealth Management LLC’s holdings, making the stock its 18th biggest holding. Echo Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,405,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in SPEM. Affiance Financial LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 6.4% during the fourth quarter. Affiance Financial LLC now owns 155,987 shares of the company’s stock valued at $5,985,000 after buying an additional 9,324 shares during the period. Flagship Harbor Advisors LLC grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 35.9% during the 4th quarter. Flagship Harbor Advisors LLC now owns 191,614 shares of the company’s stock worth $7,352,000 after acquiring an additional 50,655 shares during the period. Geneos Wealth Management Inc. raised its position in shares of SPDR Portfolio Emerging Markets ETF by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 259,887 shares of the company’s stock worth $9,972,000 after acquiring an additional 24,180 shares in the last quarter. Wolff Financial Management LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 7.7% in the 4th quarter. Wolff Financial Management LLC now owns 113,643 shares of the company’s stock valued at $4,360,000 after purchasing an additional 8,134 shares during the period. Finally, CX Institutional boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 35.5% during the fourth quarter. CX Institutional now owns 120,656 shares of the company’s stock valued at $4,630,000 after purchasing an additional 31,631 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Up 0.5 %

SPEM opened at $38.92 on Friday. The company has a market cap of $9.24 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The stock has a fifty day simple moving average of $39.01 and a two-hundred day simple moving average of $39.18. SPDR Portfolio Emerging Markets ETF has a 12-month low of $33.94 and a 12-month high of $42.88.

SPDR Portfolio Emerging Markets ETF 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.