SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Reaches New 1-Year High at $39.40

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $39.40 and last traded at $39.36, with a volume of 7198 shares traded. The stock had previously closed at $39.14.

SPDR Portfolio Emerging Markets ETF Trading Up 0.9 %

The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The company has a 50 day simple moving average of $38.02 and a 200-day simple moving average of $37.49.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CFS Investment Advisory Services LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the 4th quarter. CFS Investment Advisory Services LLC now owns 103,296 shares of the company’s stock worth $3,658,000 after acquiring an additional 4,447 shares during the period. Valley Financial Group Inc. purchased a new stake in SPDR Portfolio Emerging Markets ETF during the fourth quarter worth about $4,849,000. Clear Rock Advisors LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at $503,000. Creative Planning boosted its holdings in SPDR Portfolio Emerging Markets ETF by 2.0% in the 4th quarter. Creative Planning now owns 25,451,348 shares of the company’s stock worth $901,232,000 after buying an additional 504,808 shares during the period. Finally, Envestnet Asset Management Inc. grew its holdings in SPDR Portfolio Emerging Markets ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock valued at $188,164,000 after buying an additional 323,995 shares in the last quarter.

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.