Collaborative Wealth Managment Inc. Purchases New Position in SPDR Portfolio Emerging Markets ETF $SPEM

Collaborative Wealth Managment Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the third quarter, HoldingsChannel reports. The fund purchased 22,615 shares of the company’s stock, valued at approximately $1,171,000.

Several other hedge funds have also recently bought and sold shares of the company. Tortoise Investment Management LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 0.7% during the third quarter. Tortoise Investment Management LLC now owns 338,456 shares of the company’s stock worth $17,518,000 after purchasing an additional 2,308 shares in the last quarter. CENTRAL TRUST Co acquired a new stake in SPDR Portfolio Emerging Markets ETF in the third quarter valued at $90,000. Schwallier Wealth Management LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at $526,000. Spectrum Planning & Advisory Services Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at $881,000. Finally, Cabot Wealth Management Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter valued at $359,000.

SPDR Portfolio Emerging Markets ETF Stock Down 1.4%

NYSEARCA:SPEM opened at $49.15 on Friday. SPDR Portfolio Emerging Markets ETF has a 52-week low of $45.28 and a 52-week high of $53.54. The stock has a fifty day simple moving average of $51.15 and a 200-day simple moving average of $50.71. The company has a market capitalization of $16.35 billion, a PE ratio of 14.73 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.