SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Reaches New 52-Week High – Should You Buy?

by · The Markets Daily

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $48.58 and last traded at $48.4750, with a volume of 246708 shares trading hands. The stock had previously closed at $48.15.

SPDR Portfolio Emerging Markets ETF Stock Performance

The firm has a market capitalization of $15.84 billion, a PE ratio of 15.39 and a beta of 0.56. The stock’s 50 day simple moving average is $47.06 and its two-hundred day simple moving average is $45.70.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth $289,000. AQR Capital Management LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 80.2% in the 1st quarter. AQR Capital Management LLC now owns 31,388 shares of the company’s stock valued at $1,236,000 after purchasing an additional 13,972 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 6.6% during the first quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock worth $4,126,000 after purchasing an additional 6,463 shares in the last quarter. SCS Capital Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $1,459,000. Finally, Jane Street Group LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the first quarter valued at approximately $57,992,000.

About SPDR Portfolio Emerging Markets ETF

(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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