Great Point Wealth Advisors LLC Invests $4.35 Million in SPDR Portfolio Emerging Markets ETF $SPEM

Great Point Wealth Advisors LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, HoldingsChannel reports. The fund purchased 92,894 shares of the company’s stock, valued at approximately $4,348,000. SPDR Portfolio Emerging Markets ETF comprises approximately 0.8% of Great Point Wealth Advisors LLC’s holdings, making the stock its 25th largest position.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Creative Planning raised its stake in SPDR Portfolio Emerging Markets ETF by 0.9% during the 2nd quarter. Creative Planning now owns 22,882,892 shares of the company’s stock valued at $978,015,000 after purchasing an additional 208,911 shares during the period. Charles Schwab Investment Management Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 6,487.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock valued at $466,552,000 after buying an additional 10,750,340 shares during the period. Allworth Financial LP boosted its position in SPDR Portfolio Emerging Markets ETF by 1.9% during the 2nd quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock worth $285,892,000 after acquiring an additional 121,550 shares during the period. Envestnet Asset Management Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 1.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 6,484,376 shares of the company’s stock valued at $277,142,000 after acquiring an additional 122,532 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 5.5% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock valued at $228,232,000 after acquiring an additional 279,126 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA SPEM opened at $48.69 on Friday. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56. The company has a 50 day simple moving average of $47.22 and a 200-day simple moving average of $45.96. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $49.19.

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.