Lifestyle Asset Management Increases Investment in SPDR Portfolio Emerging Markets ETF

Lifestyle Asset Management Inc., an institutional investment firm, recently increased its investment in the SPDR Portfolio Emerging Markets ETF (SPEM) by 3.6% during the third quarter, as stated in its latest Securities & Exchange Commission filing. The firm now holds a total of 29,153 shares in the ETF following the purchase of an additional 1,018 shares. Consequently, the value of Lifestyle Asset Management Inc.'s stake in SPEM was approximately $979,000 by the end of the reporting period.

Activity from Other Investors

A number of other institutional investors and hedge funds have also made adjustments to their investments in SPEM. For instance, Capital CS Group LLC increased their shareholdings by 21.0%, resulting in a total of 34,252 shares worth $1,150,000. Additionally, McNaughton Wealth Management LLC upped their investment by 3.1%, holding 119,018 shares valued at about $3,995,000. Windsor Capital Management LLC made a similar move, raising their investment by 2.8% for a total of 141,981 shares worth $4,766,000. Farther Finance Advisors LLC made a significant jump, increasing their stake by 208.4% in the second quarter, which now counts 2,017 shares valued at $69,000. Another notable action was by ST Germain D J Co. Inc., who opened a new position in SPEM worth approximately $26,358,000 during the second quarter.

SPDR Portfolio Emerging Markets ETF's Market Performance

The SPEM ETF has shown a dynamic performance with its stock price rising $0.37 during trading hours on Thursday, reaching $35.36. With a trading volume of 609,430 shares, it falls a bit shy of the average volume of 1,737,751. The ETF maintains a 50-day moving average of $33.86 and a 200-day moving average of $34.27. SPEM has a market cap of $7.57 billion, a price-to-earnings ratio of 10.59, and a beta of 0.68, showing a year's range between the low of $32.06 and a high of $36.44.

About SPDR Portfolio Emerging Markets ETF

The SPDR Portfolio Emerging Markets ETF is tied to the S&P Emerging Markets BMI index, tracking a market-cap-weighted index of emerging market companies. Established on March 19, 2007, SPEM is managed by State Street, providing investors with exposure to a diversified portfolio of emerging market assets.

Investment, ETF, EmergingMarkets