SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Hits New 12-Month High – Should You Buy?

by · The Markets Daily

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) shares hit a new 52-week high during trading on Monday . The company traded as high as $45.09 and last traded at $45.03, with a volume of 292051 shares trading hands. The stock had previously closed at $44.82.

SPDR Portfolio Emerging Markets ETF Stock Up 0.5%

The stock’s 50-day moving average price is $43.76 and its 200 day moving average price is $41.35. The firm has a market cap of $13.11 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

A number of institutional investors and hedge funds have recently modified their holdings of SPEM. Knuff & Co LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at $29,000. Brooklyn Investment Group bought a new stake in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at $32,000. Wayfinding Financial LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 1st quarter valued at $36,000. Sachetta LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 2,263.9% during the second quarter. Sachetta LLC now owns 851 shares of the company’s stock valued at $36,000 after acquiring an additional 815 shares during the period. Finally, Tsfg LLC grew its stake in SPDR Portfolio Emerging Markets ETF by 267.4% during the first quarter. Tsfg LLC now owns 992 shares of the company’s stock worth $39,000 after buying an additional 722 shares during the last quarter.

SPDR Portfolio Emerging Markets ETF Company Profile

(Get Free Report)

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.

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