Financial Gravity Asset Management Inc. Has $10.40 Million Stock Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Financial Gravity Asset Management Inc. lifted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 9.7% during the second quarter, Holdings Channel.com reports. The fund owned 276,273 shares of the company’s stock after buying an additional 24,423 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 2.6% of Financial Gravity Asset Management Inc.’s holdings, making the stock its 13th largest holding. Financial Gravity Asset Management Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $10,403,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SPEM. Rothschild Investment LLC bought a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $27,000. American National Bank boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 179.0% in the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after buying an additional 519 shares during the last quarter. Frazier Financial Advisors LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at $32,000. Lynx Investment Advisory acquired a new position in SPDR Portfolio Emerging Markets ETF during the second quarter worth $35,000. Finally, Strategic Financial Concepts LLC raised its position in SPDR Portfolio Emerging Markets ETF by 649.3% during the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after acquiring an additional 128,861 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $37.42 on Friday. The company has a market cap of $8.88 billion, a PE ratio of 13.05 and a beta of 0.81. The firm has a 50-day moving average of $38.05 and a 200-day moving average of $37.29. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $39.32.

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.