125,971 Shares in SPDR Portfolio Emerging Markets ETF $SPEM Acquired by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 125,971 shares of the company’s stock, valued at approximately $6,520,000.

Several other institutional investors have also added to or reduced their stakes in SPEM. Ascentis Independent Advisors purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth $27,000. Robinswood Financial LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $32,000. Align Financial LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $32,000. Independence Bank of Kentucky purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $35,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $57,000.

SPDR Portfolio Emerging Markets ETF Price Performance

NYSEARCA:SPEM opened at $49.18 on Wednesday. SPDR Portfolio Emerging Markets ETF has a one year low of $45.28 and a one year high of $53.54. The business has a fifty day moving average price of $51.28 and a 200-day moving average price of $50.71. The firm has a market capitalization of $16.36 billion, a price-to-earnings ratio of 15.39 and a beta of 0.63.

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.