KFG Wealth Management LLC Makes New $16.49 Million Investment in SPDR Portfolio Emerging Markets ETF $SPEM

KFG Wealth Management LLC purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 318,514 shares of the company’s stock, valued at approximately $16,486,000. SPDR Portfolio Emerging Markets ETF comprises about 1.8% of KFG Wealth Management LLC’s portfolio, making the stock its 14th largest position. KFG Wealth Management LLC owned 0.09% of SPDR Portfolio Emerging Markets ETF at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Isthmus Partners LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the first quarter valued at about $16,291,000. State Street Corp boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the second quarter. State Street Corp now owns 5,231,398 shares of the company’s stock worth $270,882,000 after purchasing an additional 329,626 shares during the period. West Wealth Group LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth about $16,400,000. Impact Partnership Wealth LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 59.9% in the first quarter. Impact Partnership Wealth LLC now owns 785,788 shares of the company’s stock worth $36,861,000 after purchasing an additional 294,347 shares during the last quarter. Finally, Truefg LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth about $15,060,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM traded down $0.66 during mid-day trading on Friday, reaching $50.69. 1,725,308 shares of the company’s stock traded hands, compared to its average volume of 2,518,503. SPDR Portfolio Emerging Markets ETF has a 12-month low of $45.28 and a 12-month high of $53.54. The firm has a market capitalization of $16.86 billion, a price-to-earnings ratio of 15.39 and a beta of 0.61. The company has a 50 day moving average price of $52.32 and a 200-day moving average price of $51.46.

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.