SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Large Volume Increase – What’s Next?

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) shares saw strong trading volume on Wednesday . 5,941,293 shares traded hands during mid-day trading, an increase of 269% from the previous session’s volume of 1,612,274 shares.The stock last traded at $41.31 and had previously closed at $41.54.

SPDR Portfolio Emerging Markets ETF Trading Down 0.7 %

The company has a market cap of $9.79 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. The stock has a 50 day moving average price of $38.86 and a two-hundred day moving average price of $37.94.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Hedge funds have recently added to or reduced their stakes in the business. Creative Planning raised its stake in SPDR Portfolio Emerging Markets ETF by 2.0% during 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. Envestnet Asset Management Inc. raised its stake 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 worth $188,164,000 after buying an additional 323,995 shares during the period. Richardson Financial Services Inc. acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth $2,616,000. US Bancorp DE raised its stake in SPDR Portfolio Emerging Markets ETF by 40.9% during the 1st quarter. US Bancorp DE now owns 13,995 shares of the company’s stock worth $506,000 after buying an additional 4,063 shares during the period. Finally, Forbes Financial Planning Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 104.7% during the 2nd quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock worth $2,531,000 after buying an additional 34,371 shares during the period.

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.