Echo Wealth Management LLC Boosts Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Echo Wealth Management LLC lifted its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,680 shares of the company’s stock after buying an additional 1,276 shares during the quarter. SPDR Portfolio Emerging Markets ETF makes up approximately 1.7% of Echo Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Echo Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $2,405,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SPEM. Stifel Financial Corp grew its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% during the third quarter. Stifel Financial Corp now owns 64,565 shares of the company’s stock worth $2,665,000 after purchasing an additional 4,049 shares in the last quarter. Second Line Capital LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 4.5% in the 2nd quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock worth $7,683,000 after buying an additional 8,783 shares in the last quarter. SPC Financial Inc. increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 5.1% in the 2nd quarter. SPC Financial Inc. now owns 79,752 shares of the company’s stock worth $3,004,000 after buying an additional 3,889 shares during the last quarter. Advisory Resource Group raised its position in shares of SPDR Portfolio Emerging Markets ETF by 5.4% during the 3rd quarter. Advisory Resource Group now owns 60,213 shares of the company’s stock valued at $2,486,000 after buying an additional 3,068 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 637,654 shares of the company’s stock worth $26,322,000 after acquiring an additional 19,370 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Up 0.5 %

SPEM opened at $38.92 on Friday. The business’s fifty day simple moving average is $39.01 and its 200 day simple moving average is $39.18. SPDR Portfolio Emerging Markets ETF has a 52 week low of $33.94 and a 52 week high of $42.88. The stock has a market cap of $9.24 billion, a PE ratio of 13.05 and a beta of 0.81.

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.