GK Wealth Management LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

GK Wealth Management LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 40,318 shares of the company’s stock, valued at approximately $2,088,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 1.1% of GK Wealth Management LLC’s investment portfolio, making the stock its 21st biggest position.

A number of other institutional investors and hedge funds have also made changes to their positions in SPEM. Paces Ferry Wealth Advisors LLC lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.1% in the fourth quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock valued at $236,000 after purchasing an additional 200 shares during the period. Trinity Wealth Management LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 0.9% during the first quarter. Trinity Wealth Management LLC now owns 21,496 shares of the company’s stock worth $1,008,000 after buying an additional 201 shares in the last quarter. Kelman Lazarov Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 3.3% during the first quarter. Kelman Lazarov Inc. now owns 6,272 shares of the company’s stock worth $294,000 after buying an additional 203 shares during the period. Mascagni Wealth Management Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 4.8% in the fourth quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock valued at $211,000 after buying an additional 207 shares in the last quarter. Finally, 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.

SPDR Portfolio Emerging Markets ETF Trading Up 1.7%

SPEM stock opened at $52.02 on Wednesday. The firm has a 50 day moving average of $51.50 and a 200-day moving average of $50.21. The company has a market cap of $17.61 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. SPDR Portfolio Emerging Markets ETF has a 12-month low of $43.22 and a 12-month high of $53.54.

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.