Independent Wealth Network Inc. Boosts Holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Independent Wealth Network Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,224 shares of the company’s stock after buying an additional 828 shares during the quarter. Independent Wealth Network Inc.’s holdings in SPDR Portfolio Emerging Markets ETF were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPEM. Golden State Wealth Management LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 66.1% during the 1st quarter. Golden State Wealth Management LLC now owns 7,133 shares of the company’s stock worth $281,000 after acquiring an additional 2,839 shares during the period. ORBA Wealth Advisors L.L.C. raised its stake in SPDR Portfolio Emerging Markets ETF by 12.3% during the 1st quarter. ORBA Wealth Advisors L.L.C. now owns 108,024 shares of the company’s stock worth $4,253,000 after acquiring an additional 11,790 shares during the period. Northern Trust Corp raised its stake in SPDR Portfolio Emerging Markets ETF by 16.1% during the 4th quarter. Northern Trust Corp now owns 8,648 shares of the company’s stock worth $332,000 after acquiring an additional 1,200 shares during the period. Golden State Equity Partners bought a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth approximately $1,102,000. Finally, O Shaughnessy Asset Management LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 175.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 35,465 shares of the company’s stock worth $1,361,000 after acquiring an additional 22,597 shares during the period.

SPDR Portfolio Emerging Markets ETF Trading Up 0.6%

NYSEARCA SPEM opened at $43.57 on Friday. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $43.61. The stock has a market cap of $12.56 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68. The company’s 50 day moving average is $42.11 and its two-hundred day moving average is $40.00.

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.