Lifeworks Advisors LLC Takes $1.99 Million Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Lifeworks Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 48,155 shares of the company’s stock, valued at approximately $1,988,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Rothschild Investment LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $27,000. Lynx Investment Advisory bought a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth $35,000. Hershey Financial Advisers LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth $49,000. American National Bank increased its position in SPDR Portfolio Emerging Markets ETF by 132.0% in the second quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during the last quarter. Finally, SouthState Corp bought a new stake in SPDR Portfolio Emerging Markets ETF in the second quarter worth $86,000.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA SPEM traded down $0.17 on Thursday, hitting $39.22. 265,447 shares of the stock were exchanged, compared to its average volume of 1,589,894. The stock has a fifty day moving average price of $40.30 and a two-hundred day moving average price of $38.75. The firm has a market capitalization of $9.31 billion, a P/E ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 52-week low of $33.52 and a 52-week high of $42.88.

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.