Hobbs Group Advisors LLC Takes Position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Hobbs Group Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the fourth quarter, Holdings Channel.com reports. The firm bought 7,023 shares of the company’s stock, valued at approximately $269,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPEM. Vicus Capital raised its position in shares of SPDR Portfolio Emerging Markets ETF by 2.6% during the 4th quarter. Vicus Capital now owns 11,981 shares of the company’s stock worth $460,000 after buying an additional 299 shares in the last quarter. Occidental Asset Management LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 0.7% in the 4th quarter. Occidental Asset Management LLC now owns 46,414 shares of the company’s stock worth $1,781,000 after purchasing an additional 312 shares in the last quarter. McClarren Financial Advisors Inc. raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.3% during the fourth quarter. McClarren Financial Advisors Inc. now owns 2,885 shares of the company’s stock valued at $110,000 after acquiring an additional 316 shares during the period. Iams Wealth Management LLC boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% in the fourth quarter. Iams Wealth Management LLC now owns 29,858 shares of the company’s stock worth $1,146,000 after buying an additional 330 shares during the period. Finally, Alliance Wealth Advisors LLC UT grew its stake in SPDR Portfolio Emerging Markets ETF by 1.8% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 18,744 shares of the company’s stock valued at $719,000 after acquiring an additional 330 shares in the last quarter.

SPDR Portfolio Emerging Markets ETF Trading Down 1.5 %

SPEM opened at $39.45 on Friday. The stock has a market cap of $10.43 billion, a price-to-earnings ratio of 14.80 and a beta of 0.67. The stock has a fifty day moving average price of $39.49 and a 200 day moving average price of $39.66. SPDR Portfolio Emerging Markets ETF has a 1 year low of $35.00 and a 1 year high of $42.88.

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.