SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Reaches New 52-Week High – Here’s What Happened

Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) reached a new 52-week high on Thursday . The stock traded as high as $49.30 and last traded at $49.2410, with a volume of 402 shares trading hands. The stock had previously closed at $48.82.

SPDR Portfolio Emerging Markets ETF Stock Performance

The company has a market capitalization of $16.38 billion, a P/E ratio of 15.39 and a beta of 0.56. The company’s fifty day simple moving average is $47.35 and its 200-day simple moving average is $46.17.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

Institutional investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in SPDR Portfolio Emerging Markets ETF by 6,487.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock valued at $466,552,000 after acquiring an additional 10,750,340 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth $128,313,000. Allworth Financial LP lifted its stake in shares of SPDR Portfolio Emerging Markets ETF by 38.5% during the 3rd quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock worth $433,528,000 after purchasing an additional 2,572,333 shares during the last quarter. 3EDGE Asset Management LP boosted its position in SPDR Portfolio Emerging Markets ETF by 309.6% during the second quarter. 3EDGE Asset Management LP now owns 3,182,524 shares of the company’s stock valued at $135,997,000 after purchasing an additional 2,405,474 shares in the last quarter. Finally, NorthRock Partners LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 38,107.1% during the third quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock valued at $51,776,000 after purchasing an additional 1,103,200 shares in the last quarter.

About SPDR Portfolio Emerging Markets ETF

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.