Cascade Financial Partners LLC Buys 7,000 Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cascade Financial Partners LLC increased its stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,378 shares of the company’s stock after buying an additional 7,000 shares during the period. SPDR Portfolio Emerging Markets ETF accounts for approximately 0.9% of Cascade Financial Partners LLC’s holdings, making the stock its 21st biggest holding. Cascade Financial Partners LLC owned about 0.07% of SPDR Portfolio Emerging Markets ETF worth $6,768,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of SPEM. Wealthfront Advisers LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $19,872,000. Founders Financial Alliance LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 19.9% in the fourth quarter. Founders Financial Alliance LLC now owns 3,905 shares of the company’s stock valued at $150,000 after purchasing an additional 649 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 3.6% in the 4th quarter. Tortoise Investment Management LLC now owns 302,406 shares of the company’s stock valued at $11,603,000 after purchasing an additional 10,486 shares during the period. Independent Advisor Alliance lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 6,357.9% in the fourth quarter. Independent Advisor Alliance now owns 328,192 shares of the company’s stock valued at $12,593,000 after buying an additional 323,110 shares during the last quarter. Finally, Rialto Wealth Management LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $60,000.

SPDR Portfolio Emerging Markets ETF Stock Up 0.7 %

Shares of SPEM stock opened at $39.32 on Wednesday. The firm has a 50 day moving average price of $38.96 and a two-hundred day moving average price of $39.52. The company has a market capitalization of $10.40 billion, a PE ratio of 14.80 and a beta of 0.67. SPDR Portfolio Emerging Markets ETF has a 12-month low of $35.00 and a 12-month high of $42.88.

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.