IFG Advisory LLC Takes $278,000 Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

IFG Advisory LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the second quarter, HoldingsChannel reports. The institutional investor purchased 7,370 shares of the company’s stock, valued at approximately $278,000.

A number of other institutional investors also recently modified their holdings of SPEM. Rothschild Investment LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth about $27,000. Fonville Wealth Management LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 15.6% during the second quarter. Fonville Wealth Management LLC now owns 95,995 shares of the company’s stock worth $3,616,000 after acquiring an additional 12,975 shares in the last quarter. Values Added Financial LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 9.8% during the second quarter. Values Added Financial LLC now owns 161,002 shares of the company’s stock worth $6,065,000 after acquiring an additional 14,361 shares in the last quarter. Grey Fox Wealth Advisors LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 6.7% during the second quarter. Grey Fox Wealth Advisors LLC now owns 123,223 shares of the company’s stock worth $4,642,000 after acquiring an additional 7,781 shares in the last quarter. Finally, Hobart Private Capital LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 51.7% during the second quarter. Hobart Private Capital LLC now owns 117,587 shares of the company’s stock worth $4,429,000 after acquiring an additional 40,088 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPEM opened at $38.59 on Tuesday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $39.32. The firm has a market capitalization of $9.16 billion, a PE ratio of 13.05 and a beta of 0.81. The business’s 50-day simple moving average is $38.02 and its 200 day simple moving average is $37.20.

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.