Merit Financial Group LLC Has $6.30 Million Stock Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Merit Financial Group LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 164,100 shares of the company’s stock after purchasing an additional 2,007 shares during the period. Merit Financial Group LLC owned approximately 0.07% of SPDR Portfolio Emerging Markets ETF worth $6,297,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in SPEM. Benjamin F. Edwards & Company Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 2.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 16,856 shares of the company’s stock valued at $635,000 after purchasing an additional 435 shares in the last quarter. AE Wealth Management LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 17.2% in the 2nd quarter. AE Wealth Management LLC now owns 90,117 shares of the company’s stock valued at $3,395,000 after buying an additional 13,207 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in SPDR Portfolio Emerging Markets ETF by 71.4% during the 2nd quarter. Thrivent Financial for Lutherans now owns 920,076 shares of the company’s stock worth $34,659,000 after buying an additional 383,320 shares during the period. Bank of Montreal Can lifted its holdings in SPDR Portfolio Emerging Markets ETF by 56.4% during the second quarter. Bank of Montreal Can now owns 9,734 shares of the company’s stock worth $367,000 after acquiring an additional 3,510 shares in the last quarter. Finally, Daymark Wealth Partners LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the second quarter valued at about $5,271,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPDR Portfolio Emerging Markets ETF stock opened at $38.26 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $33.72 and a 1 year high of $42.88. The company has a market capitalization of $9.08 billion, a P/E ratio of 13.05 and a beta of 0.81. The business has a 50-day moving average of $39.09 and a two-hundred day moving average of $39.17.

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.