Vericrest Private Wealth Purchases New Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

Vericrest Private Wealth purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 13,426 shares of the company’s stock, valued at approximately $695,000. SPDR Portfolio Emerging Markets ETF accounts for about 0.6% of Vericrest Private Wealth’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Trinity Wealth Management LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 0.9% in the first quarter. Trinity Wealth Management LLC now owns 21,496 shares of the company’s stock valued at $1,008,000 after purchasing an additional 201 shares during the last quarter. Kelman Lazarov Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 3.3% in the first quarter. Kelman Lazarov Inc. now owns 6,272 shares of the company’s stock worth $294,000 after buying an additional 203 shares during the last quarter. Paces Ferry Wealth Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF by 4.1% in the first quarter. Paces Ferry Wealth Advisors LLC now owns 5,257 shares of the company’s stock worth $247,000 after buying an additional 206 shares during the last quarter. Kraft Davis & Associates LLC increased its position in SPDR Portfolio Emerging Markets ETF by 1.7% in the second quarter. Kraft Davis & Associates LLC now owns 12,406 shares of the company’s stock worth $634,000 after buying an additional 207 shares during the last quarter. Finally, United Asset Strategies Inc. raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 0.9% in the first quarter. United Asset Strategies Inc. now owns 24,806 shares of the company’s stock valued at $1,164,000 after buying an additional 215 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM opened at $50.85 on Thursday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $45.28 and a 1 year high of $53.54. The stock’s fifty day moving average price is $52.23 and its two-hundred day moving average price is $51.58. The firm has a market cap of $16.91 billion, a PE ratio of 15.39 and a beta of 0.61.

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.