Legacy Solutions LLC Buys New Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Legacy Solutions LLC purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 4th quarter, HoldingsChannel reports. The firm purchased 67,497 shares of the company’s stock, valued at approximately $2,590,000. SPDR Portfolio Emerging Markets ETF comprises approximately 2.8% of Legacy Solutions LLC’s investment portfolio, making the stock its 9th biggest holding.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Archer Investment Corp purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $39,000. Strategic Wealth Investment Group LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $46,000. Blue Trust Inc. raised its holdings in shares of 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 in the last quarter. McClarren Financial Advisors Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 12.3% in the fourth quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock valued at $110,000 after purchasing an additional 316 shares in the last quarter. Finally, Fortitude Family Office LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $121,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $40.17 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $35.00 and a 52 week high of $42.88. The business’s 50-day simple moving average is $38.86 and its 200-day simple moving average is $39.30. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

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.