Axxcess Wealth Management LLC Has $34.19 Million Position in SPDR Portfolio Emerging Markets ETF $SPEM

Axxcess Wealth Management LLC grew its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 728,883 shares of the company’s stock after acquiring an additional 39,438 shares during the period. SPDR Portfolio Emerging Markets ETF makes up 1.1% of Axxcess Wealth Management LLC’s portfolio, making the stock its 21st biggest position. Axxcess Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $34,192,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Paces Ferry Wealth Advisors LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 4.1% during the fourth quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares during the period. Trinity Wealth Management LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.9% in the 1st quarter. Trinity Wealth Management LLC now owns 21,496 shares of the company’s stock worth $1,008,000 after buying an additional 201 shares in the last quarter. Kelman Lazarov Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 3.3% during the 1st quarter. Kelman Lazarov Inc. now owns 6,272 shares of the company’s stock worth $294,000 after buying an additional 203 shares during the period. Mascagni Wealth Management Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 4.8% during the 4th quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock worth $211,000 after buying an additional 207 shares during the period. Finally, River Street Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.8% in the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock valued at $567,000 after buying an additional 209 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $51.01 on Wednesday. The business’s fifty day moving average price is $51.76 and its two-hundred day moving average price is $49.73. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $42.66 and a fifty-two week high of $53.54. The stock has a market capitalization of $17.22 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60.

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.