Madrona Financial Services LLC Makes New $2.52 Million Investment in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Madrona Financial Services LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 70,445 shares of the company’s stock, valued at approximately $2,521,000. SPDR Portfolio Emerging Markets ETF makes up approximately 2.3% of Madrona Financial Services LLC’s investment portfolio, making the stock its 15th biggest position. Madrona Financial Services LLC owned approximately 0.09% of SPDR Portfolio Emerging Markets ETF as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Macroview Investment Management LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 933.3% during the first quarter. Macroview Investment Management LLC now owns 1,364 shares of the company’s stock worth $49,000 after purchasing an additional 1,232 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 60.0% during the first quarter. Global Wealth Management Investment Advisory Inc. now owns 1,558 shares of the company’s stock worth $56,000 after purchasing an additional 584 shares in the last quarter. Bessemer Group Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 229.2% during the second quarter. Bessemer Group Inc. now owns 1,959 shares of the company’s stock worth $70,000 after purchasing an additional 1,364 shares in the last quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 163.9% during the first quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,037 shares of the company’s stock worth $72,000 after purchasing an additional 1,265 shares in the last quarter. Finally, MBM Wealth Consultants LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 36.4% during the first quarter. MBM Wealth Consultants LLC now owns 2,374 shares of the company’s stock worth $85,000 after purchasing an additional 634 shares in the last quarter.

SPEM stock traded down $0.85 during midday trading on Monday, reaching $33.28. 5,645 shares of the company were exchanged, compared to its average volume of 784,660. SPDR Portfolio Emerging Markets ETF has a 1-year low of $30.94 and a 1-year high of $37.05. The company’s 50-day moving average price is $35.70.

Further Reading: Moving Average Convergence Divergence (MACD)

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Institutional Ownership by Quarter for SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

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