Shum Financial Group Inc. Buys Shares of 71,993 SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Shum Financial Group Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 71,993 shares of the company’s stock, valued at approximately $2,950,000. SPDR Portfolio Emerging Markets ETF accounts for 2.5% of Shum Financial Group Inc.’s holdings, making the stock its 8th largest position.

Other institutional investors have also modified their holdings of the company. Rothschild Investment LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $27,000. Lynx Investment Advisory acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter valued at $35,000. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at $39,000. Hershey Financial Advisers LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth $49,000. Finally, Strategic Financial Concepts LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 649.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after purchasing an additional 128,861 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Down 0.3 %

SPDR Portfolio Emerging Markets ETF stock traded down $0.13 during trading on Tuesday, reaching $39.19. The stock had a trading volume of 54,379 shares, compared to its average volume of 1,587,822. The stock has a market cap of $9.30 billion, a PE ratio of 13.05 and a beta of 0.81. The business has a 50 day moving average price of $40.51 and a 200 day moving average price of $38.88. 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.