SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sets New 12-Month High – Here’s What Happened

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) hit a new 52-week high during trading on Tuesday . The stock traded as high as $50.60 and last traded at $50.5950, with a volume of 623716 shares. The stock had previously closed at $50.32.

SPDR Portfolio Emerging Markets ETF Trading Up 0.5%

The business has a 50 day moving average of $48.02 and a two-hundred day moving average of $46.70. The firm has a market cap of $16.89 billion, a P/E ratio of 15.39 and a beta of 0.56.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Institutional investors have recently added to or reduced their stakes in the company. CWM LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 3.3% during the 3rd quarter. CWM LLC now owns 2,263,731 shares of the company’s stock worth $105,965,000 after buying an additional 73,219 shares in the last quarter. Addison Advisors LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF in the second quarter valued at approximately $49,000. Allworth Financial LP increased its position in shares of SPDR Portfolio Emerging Markets ETF by 1.9% during the second quarter. Allworth Financial LP now owns 6,689,099 shares of the company’s stock valued at $285,892,000 after acquiring an additional 121,550 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 45.5% during the third quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock worth $2,741,000 after acquiring an additional 18,303 shares during the period. Finally, Cerity Partners LLC lifted its holdings in SPDR Portfolio Emerging Markets ETF by 0.7% during the third quarter. Cerity Partners LLC now owns 2,688,945 shares of the company’s stock worth $125,869,000 after acquiring an additional 18,041 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.