Abich Financial Wealth Management LLC Invests $11.70 Million in SPDR Portfolio Emerging Markets ETF $SPEM

Abich Financial Wealth Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 249,839 shares of the company’s stock, valued at approximately $11,695,000. SPDR Portfolio Emerging Markets ETF comprises approximately 4.2% of Abich Financial Wealth Management LLC’s investment portfolio, making the stock its 8th largest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Hantz Financial Services Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 2,031.0% in the third quarter. Hantz Financial Services Inc. now owns 618 shares of the company’s stock valued at $27,000 after buying an additional 589 shares during the period. First Horizon Corp bought a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $29,000. Stone House Investment Management LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at approximately $40,000. Addison Advisors LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at approximately $49,000. Finally, Blue Trust Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 539.1% during the 3rd quarter. Blue Trust Inc. now owns 1,227 shares of the company’s stock worth $57,000 after purchasing an additional 1,035 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of NYSEARCA SPEM opened at $50.29 on Friday. The company’s 50 day moving average price is $48.24 and its 200-day moving average price is $46.80. SPDR Portfolio Emerging Markets ETF has a 52-week low of $34.38 and a 52-week high of $51.05. The company has a market capitalization of $16.80 billion, a P/E ratio of 15.39 and a beta of 0.56.

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.