Western Wealth Management LLC Purchases 26,092 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Western Wealth Management LLC boosted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 49.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 78,340 shares of the company’s stock after acquiring an additional 26,092 shares during the period. Western Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,774,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Anchor Investment Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $28,000. Sanctuary Wealth Management L.L.C. bought a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $28,000. Carmichael Hill & Associates Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $32,000. PCA Investment Advisory Services Inc. bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth about $32,000. Finally, FinTrust Capital Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter worth about $36,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM traded up $0.11 during mid-day trading on Thursday, hitting $35.49. 1,114,541 shares of the company’s stock were exchanged, compared to its average volume of 1,925,041. SPDR Portfolio Emerging Markets ETF has a one year low of $32.06 and a one year high of $37.06. The business has a fifty day moving average price of $35.86 and a 200 day moving average price of $34.77. The company has a market cap of $8.43 billion, a PE ratio of 12.11 and a beta of 0.78.

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.