Abound Financial LLC Raises Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Abound Financial LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 9.7% in the 4th quarter, Holdings Channel reports. The firm owned 216,748 shares of the company’s stock after acquiring an additional 19,251 shares during the period. SPDR Portfolio Emerging Markets ETF comprises 2.4% of Abound Financial LLC’s investment portfolio, making the stock its 12th largest holding. Abound Financial LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $10,146,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Charles Schwab Investment Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 20.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock worth $743,082,000 after buying an additional 2,653,013 shares during the last quarter. Allworth Financial LP lifted its position in SPDR Portfolio Emerging Markets ETF by 38.5% in the 3rd quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock worth $433,528,000 after buying an additional 2,572,333 shares during the last quarter. LPL Financial LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 12.7% in the 4th quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock worth $729,630,000 after buying an additional 1,758,866 shares during the last quarter. NorthRock Partners LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 38,107.1% in the 3rd quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock worth $51,776,000 after buying an additional 1,103,200 shares during the last quarter. Finally, HighTower Advisors LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 51.5% in the 4th quarter. HighTower Advisors LLC now owns 2,626,206 shares of the company’s stock worth $122,933,000 after buying an additional 893,023 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $53.17 on Tuesday. The business has a 50 day moving average of $51.09 and a 200 day moving average of $49.18. The company has a market capitalization of $18.23 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 1-year low of $40.83 and a 1-year high of $53.54.

SPDR Portfolio Emerging Markets ETF Company 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.