Merit Financial Group LLC Increases Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Merit Financial Group LLC lifted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 63.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 161,167 shares of the company’s stock after buying an additional 62,434 shares during the quarter. Merit Financial Group LLC owned approximately 0.06% of SPDR Portfolio Emerging Markets ETF worth $6,888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SPEM. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.1% during the 1st quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock valued at $421,513,000 after purchasing an additional 620,049 shares during the last quarter. Allworth Financial LP boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.2% during the first quarter. Allworth Financial LP now owns 6,567,549 shares of the company’s stock valued at $257,842,000 after buying an additional 80,992 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock valued at $250,466,000 after buying an additional 461,936 shares in the last quarter. TIAA Trust National Association grew its holdings in SPDR Portfolio Emerging Markets ETF by 4.3% during the 1st quarter. TIAA Trust National Association now owns 6,065,716 shares of the company’s stock valued at $238,807,000 after buying an additional 252,016 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 0.7% in the 1st quarter. Ameriprise Financial Inc. now owns 5,060,826 shares of the company’s stock worth $199,231,000 after acquiring an additional 33,522 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.3%

SPEM stock opened at $47.35 on Monday. SPDR Portfolio Emerging Markets ETF has a 52 week low of $34.38 and a 52 week high of $47.44. The firm has a market capitalization of $14.56 billion, a P/E ratio of 15.39 and a beta of 0.68. The company has a fifty day simple moving average of $45.05 and a two-hundred day simple moving average of $42.30.

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.