Merit Financial Group LLC Raises Stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Merit Financial Group LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 29.6% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 206,317 shares of the company’s stock after buying an additional 47,155 shares during the period. Merit Financial Group LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $7,306,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. TIAA Trust National Association purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $158,614,000. Bank of New York Mellon Corp raised its stake in SPDR Portfolio Emerging Markets ETF by 1,703.8% during the third quarter. Bank of New York Mellon Corp now owns 3,355,273 shares of the company’s stock worth $112,636,000 after purchasing an additional 3,169,265 shares during the period. Financial Gravity Asset Management Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2,409.1% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 2,966,496 shares of the company’s stock valued at $99,585,000 after purchasing an additional 2,848,268 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $36,564,000. Finally, Creative Planning increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the 3rd quarter. Creative Planning now owns 24,946,540 shares of the company’s stock worth $837,455,000 after buying an additional 1,075,145 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM traded up $0.29 during trading hours on Friday, hitting $37.65. The stock had a trading volume of 1,070,684 shares, compared to its average volume of 1,883,514. The company’s fifty day simple moving average is $36.14 and its 200 day simple moving average is $35.00. SPDR Portfolio Emerging Markets ETF has a 12-month low of $32.06 and a 12-month high of $37.65. The firm has a market cap of $8.94 billion, a P/E ratio of 12.30 and a beta of 0.79.

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.