Archer Investment Management LLC Takes $2.88 Million Position in SPDR Portfolio Emerging Markets ETF $SPEM

Archer Investment Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 61,442 shares of the company’s stock, valued at approximately $2,876,000. SPDR Portfolio Emerging Markets ETF accounts for about 1.5% of Archer Investment Management LLC’s holdings, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds have also modified their holdings of SPEM. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter valued at $128,313,000. Allworth Financial LP boosted its holdings in SPDR Portfolio Emerging Markets ETF by 38.5% in the third quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock worth $433,528,000 after purchasing an additional 2,572,333 shares in the last quarter. NorthRock Partners LLC increased its position in SPDR Portfolio Emerging Markets ETF by 38,107.1% during the third quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock worth $51,776,000 after buying an additional 1,103,200 shares during the last quarter. Betterment LLC increased its position in SPDR Portfolio Emerging Markets ETF by 124.5% during the second quarter. Betterment LLC now owns 1,824,389 shares of the company’s stock worth $77,974,000 after buying an additional 1,011,871 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in SPDR Portfolio Emerging Markets ETF by 82.8% during the third quarter. JPMorgan Chase & Co. now owns 1,815,376 shares of the company’s stock valued at $84,978,000 after buying an additional 822,327 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $46.19 on Wednesday. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $51.35. The business has a 50-day moving average of $49.07 and a two-hundred day moving average of $47.75. The stock has a market capitalization of $15.43 billion, a P/E 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.