Peak Financial Management Inc. Acquires New Position in SPDR Portfolio Emerging Markets ETF $SPEM

Peak Financial Management Inc. bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 268,118 shares of the company’s stock, valued at approximately $13,878,000. SPDR Portfolio Emerging Markets ETF makes up about 3.1% of Peak Financial Management Inc.’s investment portfolio, making the stock its 8th biggest position. Peak Financial Management Inc. owned 0.08% of SPDR Portfolio Emerging Markets ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ascentis Independent Advisors bought a new stake in SPDR Portfolio Emerging Markets ETF during the first quarter worth approximately $27,000. Robinswood Financial LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth approximately $32,000. Brown Lisle Cummings Inc. acquired a new position in SPDR Portfolio Emerging Markets ETF in the first quarter worth approximately $53,000. Gould Capital LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the first quarter valued at $59,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at $66,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM traded down $0.66 on Friday, reaching $50.69. 1,725,308 shares of the company traded hands, compared to its average volume of 2,518,503. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $45.28 and a fifty-two week high of $53.54. The company’s 50 day moving average is $52.32 and its 200-day moving average is $51.46. The stock has a market capitalization of $16.86 billion, a PE ratio of 15.39 and a beta of 0.61.

SPDR Portfolio Emerging Markets ETF 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.