David Kennon Inc Boosts Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

David Kennon Inc grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 161,311 shares of the company’s stock after acquiring an additional 2,349 shares during the period. SPDR Portfolio Emerging Markets ETF comprises 2.4% of David Kennon Inc’s holdings, making the stock its 14th biggest position. David Kennon Inc owned about 0.07% of SPDR Portfolio Emerging Markets ETF worth $6,190,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Archer Investment Corp purchased a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter valued at $39,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $46,000. Blue Trust Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 474.2% during the fourth quarter. Blue Trust Inc. now owns 2,274 shares of the company’s stock worth $94,000 after acquiring an additional 1,878 shares during the period. McClarren Financial Advisors Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 583.2% during the third quarter. McClarren Financial Advisors Inc. now owns 2,569 shares of the company’s stock valued at $106,000 after acquiring an additional 2,193 shares in the last quarter. Finally, Fortitude Family Office LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $121,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $38.52 on Wednesday. The stock has a market capitalization of $9.14 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The firm’s 50 day simple moving average is $38.97 and its 200-day simple moving average is $39.17. 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.