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

Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEMGet Free Report) 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

(Get Free Report)

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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