MB Generational Wealth LLC Purchases New Position in SPDR Portfolio Emerging Markets ETF $SPEM

MB Generational Wealth LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 16,118 shares of the company’s stock, valued at approximately $754,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Creative Planning boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.9% during the 2nd quarter. Creative Planning now owns 22,882,892 shares of the company’s stock valued at $978,015,000 after acquiring an additional 208,911 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SPDR Portfolio Emerging Markets ETF by 6,487.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock valued at $466,552,000 after purchasing an additional 10,750,340 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 7.1% during the third quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock worth $325,188,000 after purchasing an additional 462,591 shares during the last quarter. Allworth Financial LP grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.9% during the second quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock worth $285,892,000 after purchasing an additional 121,550 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of SPDR Portfolio Emerging Markets ETF by 5.5% in the second quarter. Ameriprise Financial Inc. now owns 5,339,952 shares of the company’s stock valued at $228,232,000 after buying an additional 279,126 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA SPEM opened at $49.91 on Monday. The company has a 50 day simple moving average of $47.96 and a 200 day simple moving average of $46.66. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $50.58. The firm has a market cap of $16.67 billion, a PE ratio of 15.39 and a beta of 0.56.

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.