Partnership Wealth Management LLC Has $2.07 Million Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Partnership Wealth Management LLC lifted its stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 605.9% during the third quarter, HoldingsChannel reports. The fund owned 50,089 shares of the company’s stock after purchasing an additional 42,993 shares during the quarter. SPDR Portfolio Emerging Markets ETF comprises approximately 1.5% of Partnership Wealth Management LLC’s holdings, making the stock its 11th biggest position. Partnership Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,068,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Rothschild Investment LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the second quarter valued at about $27,000. Lynx Investment Advisory bought a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter worth approximately $35,000. Hershey Financial Advisers LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $49,000. Strategic Financial Concepts LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 649.3% in the second quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after purchasing an additional 128,861 shares during the period. Finally, American National Bank lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 132.0% in the second quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after buying an additional 1,020 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 3.0 %

NYSEARCA SPEM opened at $41.54 on Wednesday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $32.06 and a 1 year high of $42.88. The company has a fifty day simple moving average of $38.86 and a 200 day simple moving average of $37.94. The company has a market cap of $9.86 billion, a P/E ratio of 13.05 and a beta of 0.81.

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.