Merit Financial Group LLC Buys 62,434 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Merit Financial Group LLC lifted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 63.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 161,167 shares of the company’s stock after purchasing an additional 62,434 shares during the period. Merit Financial Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $6,888,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SPEM. Jane Street Group LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 1st quarter worth $57,992,000. 3EDGE Asset Management LP lifted its stake in SPDR Portfolio Emerging Markets ETF by 2,500.7% in the first quarter. 3EDGE Asset Management LP now owns 777,050 shares of the company’s stock worth $30,598,000 after acquiring an additional 747,171 shares during the period. LPL Financial LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 6.1% in the first quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock worth $421,513,000 after acquiring an additional 620,049 shares during the period. Cerity Partners LLC grew its holdings in SPDR Portfolio Emerging Markets ETF by 24.6% during the 1st quarter. Cerity Partners LLC now owns 2,766,398 shares of the company’s stock worth $108,913,000 after acquiring an additional 545,724 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock valued at $250,466,000 after purchasing an additional 461,936 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

NYSEARCA:SPEM opened at $47.35 on Monday. The firm has a 50-day simple moving average of $45.05 and a 200-day simple moving average of $42.30. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $47.44. The firm has a market cap of $14.56 billion, a P/E ratio of 15.39 and a beta of 0.68.

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.