Foundations Investment Advisors LLC Has $2.33 Million Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Foundations Investment Advisors LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 33.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 49,755 shares of the company’s stock after acquiring an additional 12,334 shares during the period. Foundations Investment Advisors LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,329,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ritholtz Wealth Management increased its holdings in SPDR Portfolio Emerging Markets ETF by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 19,379 shares of the company’s stock valued at $907,000 after purchasing an additional 210 shares in the last quarter. Verus Capital Partners LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 1.3% in the second quarter. Verus Capital Partners LLC now owns 18,408 shares of the company’s stock valued at $787,000 after acquiring an additional 235 shares during the period. Rockbridge Investment Management LCC raised its holdings in SPDR Portfolio Emerging Markets ETF by 1.0% during the 2nd quarter. Rockbridge Investment Management LCC now owns 25,083 shares of the company’s stock worth $1,072,000 after buying an additional 239 shares during the period. Echo Wealth Management LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 0.4% in the 3rd quarter. Echo Wealth Management LLC now owns 61,832 shares of the company’s stock worth $2,894,000 after purchasing an additional 242 shares during the period. Finally, Apollon Wealth Management LLC raised its position in SPDR Portfolio Emerging Markets ETF by 1.5% in the 2nd quarter. Apollon Wealth Management LLC now owns 16,893 shares of the company’s stock valued at $722,000 after buying an additional 244 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 2.0%

Shares of SPEM opened at $49.20 on Friday. The firm has a fifty day simple moving average of $47.69 and a 200 day simple moving average of $46.42. SPDR Portfolio Emerging Markets ETF has a 12 month low of $34.38 and a 12 month high of $50.58. The stock has a market capitalization of $16.43 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

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.