SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Unusually-High Trading Volume – Time to Buy?

Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw strong trading volume on Monday . 8,334,579 shares were traded during mid-day trading, an increase of 155% from the previous session’s volume of 3,266,014 shares.The stock last traded at $49.8250 and had previously closed at $50.51.

SPDR Portfolio Emerging Markets ETF Stock Up 0.9%

The firm has a market capitalization of $16.18 billion, a PE ratio of 15.39 and a beta of 0.56. The stock’s fifty day simple moving average is $49.15 and its 200 day simple moving average is $47.46.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

Several institutional investors and hedge funds have recently bought and sold shares of SPEM. Brighton Jones LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $289,000. AQR Capital Management LLC increased its holdings in 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 worth $1,236,000 after acquiring an additional 13,972 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in SPDR Portfolio Emerging Markets ETF by 6.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 104,799 shares of the company’s stock worth $4,126,000 after acquiring an additional 6,463 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth approximately $973,000. Finally, Arkadios Wealth Advisors lifted its holdings in SPDR Portfolio Emerging Markets ETF by 65.7% during the second quarter. Arkadios Wealth Advisors now owns 8,614 shares of the company’s stock valued at $368,000 after purchasing an additional 3,417 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.