Meridian Wealth Management LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

Meridian Wealth Management LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,201 shares of the company’s stock, valued at approximately $222,000.

Several other hedge funds have also made changes to their positions in the company. Foundations Investment Advisors LLC raised its stake in SPDR Portfolio Emerging Markets ETF by 13.6% during the 2nd quarter. Foundations Investment Advisors LLC now owns 37,421 shares of the company’s stock valued at $1,599,000 after purchasing an additional 4,477 shares during the period. Wrapmanager Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.1% during the second quarter. Wrapmanager Inc. now owns 348,712 shares of the company’s stock valued at $14,904,000 after buying an additional 16,956 shares in the last quarter. Leicht Financial Planning & Wealth Management Inc. raised its position in SPDR Portfolio Emerging Markets ETF by 93.7% during the second quarter. Leicht Financial Planning & Wealth Management Inc. now owns 240,225 shares of the company’s stock valued at $10,267,000 after buying an additional 116,234 shares during the period. Phoenix Wealth Advisors raised its position in SPDR Portfolio Emerging Markets ETF by 34.8% during the second quarter. Phoenix Wealth Advisors now owns 105,558 shares of the company’s stock valued at $4,512,000 after buying an additional 27,223 shares during the period. Finally, Clearstead Trust LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth about $61,000.

SPDR Portfolio Emerging Markets ETF Trading Down 0.5%

Shares of NYSEARCA SPEM opened at $46.72 on Wednesday. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $48.56. The business has a 50-day moving average price of $47.08 and a two-hundred day moving average price of $44.35. The firm has a market capitalization of $14.42 billion, a PE ratio of 15.39 and a beta of 0.56.

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.