Fort Point Capital Partners LLC Acquires 97,855 Shares of SPDR Portfolio Emerging Markets ETF $SPEM

Fort Point Capital Partners LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 40.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 338,460 shares of the company’s stock after acquiring an additional 97,855 shares during the period. SPDR Portfolio Emerging Markets ETF makes up approximately 1.9% of Fort Point Capital Partners LLC’s portfolio, making the stock its 14th biggest position. Fort Point Capital Partners LLC owned approximately 0.10% of SPDR Portfolio Emerging Markets ETF worth $16,574,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in SPEM. Paces Ferry Wealth Advisors LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.1% in the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock valued at $236,000 after acquiring an additional 200 shares in the last quarter. Mascagni Wealth Management Inc. lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 4.8% during the 4th quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock valued at $211,000 after acquiring an additional 207 shares during the period. River Street Advisors LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock valued at $567,000 after acquiring an additional 209 shares during the period. Kraft Davis & Associates LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the 4th quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock valued at $240,000 after acquiring an additional 213 shares during the period. Finally, Captrust Financial Advisors lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 0.7% during the 3rd quarter. Captrust Financial Advisors now owns 32,698 shares of the company’s stock valued at $1,531,000 after acquiring an additional 222 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Up 0.9%

SPDR Portfolio Emerging Markets ETF stock opened at $52.11 on Friday. SPDR Portfolio Emerging Markets ETF has a 12-month low of $40.83 and a 12-month high of $53.54. The firm’s fifty day moving average is $50.96 and its 200 day moving average is $49.12. The company has a market capitalization of $17.86 billion, a PE ratio of 15.39 and a beta of 0.60.

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.