SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM – Get Free Report) saw strong trading volume on Wednesday . 5,941,293 shares changed 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 Stock Performance
The stock has a market capitalization of $9.86 billion, a PE ratio of 13.05 and a beta of 0.81. The stock’s 50-day moving average is $39.00 and its 200 day moving average is $37.98.
Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF
A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPEM. Rothschild Investment LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth about $27,000. Lynx Investment Advisory purchased a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter valued at approximately $35,000. Hershey Financial Advisers LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $49,000. Strategic Financial Concepts LLC raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 649.3% during the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after buying an additional 128,861 shares in the last quarter. Finally, American National Bank lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 132.0% in the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after buying an additional 1,020 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.
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