Envestnet Asset Management Inc. Boosts Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,899,908 shares of the company’s stock after purchasing an additional 634,469 shares during the period. Envestnet Asset Management Inc. owned approximately 2.49% of SPDR Portfolio Emerging Markets ETF worth $226,379,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $26,000. IMG Wealth Management Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $27,000. Compass Planning Associates Inc purchased a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter valued at $28,000. Strategic Wealth Investment Group LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $46,000. Finally, Rialto Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter worth approximately $60,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM stock opened at $36.66 on Monday. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 14.84 and a beta of 0.67. The company’s 50-day moving average is $39.51 and its 200 day moving average is $39.70. SPDR Portfolio Emerging Markets ETF has a one year low of $35.00 and a one year 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.