Prosperity Consulting Group LLC Purchases New Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Prosperity Consulting Group LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 7,877 shares of the company’s stock, valued at approximately $310,000.

A number of other hedge funds also recently bought and sold shares of the business. LPL Financial LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 6.1% during the 1st quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock valued at $421,513,000 after acquiring an additional 620,049 shares in the last quarter. Allworth Financial LP boosted its position in SPDR Portfolio Emerging Markets ETF by 1.2% during the 1st quarter. Allworth Financial LP now owns 6,567,549 shares of the company’s stock valued at $257,842,000 after acquiring an additional 80,992 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock valued at $250,466,000 after acquiring an additional 461,936 shares in the last quarter. Ameriprise Financial Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 6.7% during the 4th quarter. Ameriprise Financial Inc. now owns 5,027,304 shares of the company’s stock valued at $192,971,000 after acquiring an additional 313,716 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in SPDR Portfolio Emerging Markets ETF by 33.5% during the 4th quarter. Bank of America Corp DE now owns 2,956,916 shares of the company’s stock valued at $113,457,000 after acquiring an additional 742,179 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Stock Performance

SPDR Portfolio Emerging Markets ETF stock opened at $43.58 on Wednesday. The stock’s 50 day simple moving average is $42.48 and its two-hundred day simple moving average is $40.32. The stock has a market cap of $12.68 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68. SPDR Portfolio Emerging Markets ETF has a fifty-two week low of $34.38 and a fifty-two week high of $44.22.

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.