SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Reaches New 1-Year High at $42.22

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) shares hit a new 52-week high during trading on Wednesday . The stock traded as high as $42.22 and last traded at $42.22, with a volume of 10545 shares. The stock had previously closed at $41.67.

SPDR Portfolio Emerging Markets ETF Trading Up 1.5 %

The business’s fifty day moving average price is $38.39 and its two-hundred day moving average price is $37.72. The firm has a market cap of $10.04 billion, a P/E ratio of 13.05 and a beta of 0.81.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

Institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at approximately $7,329,000. Kestra Investment Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $6,908,000. New Century Financial Group LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the second quarter worth $776,000. Cetera Investment Advisers boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.8% during the 2nd quarter. Cetera Investment Advisers now owns 1,474,983 shares of the company’s stock worth $55,563,000 after buying an additional 94,447 shares during the period. Finally, SPC Financial Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 5.1% in the 2nd quarter. SPC Financial Inc. now owns 79,752 shares of the company’s stock valued at $3,004,000 after buying an additional 3,889 shares during 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.