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

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $47.67 and last traded at $47.24, with a volume of 1097133 shares changing hands. The stock had previously closed at $47.48.

SPDR Portfolio Emerging Markets ETF Price Performance

The company has a market capitalization of $14.53 billion, a price-to-earnings ratio of 15.39 and a beta of 0.68. The stock has a 50 day moving average price of $45.20 and a two-hundred day moving average price of $42.38.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPEM. Brighton Jones LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter worth about $289,000. NBC Securities Inc. increased its position in SPDR Portfolio Emerging Markets ETF by 201,700.0% in the first quarter. NBC Securities Inc. now owns 2,018 shares of the company’s stock worth $79,000 after purchasing an additional 2,017 shares during the period. Farther Finance Advisors LLC increased its position in SPDR Portfolio Emerging Markets ETF by 140.5% in the first quarter. Farther Finance Advisors LLC now owns 46,911 shares of the company’s stock worth $1,854,000 after purchasing an additional 27,406 shares during the period. Collier Financial increased its position in SPDR Portfolio Emerging Markets ETF by 1,098.1% in the first quarter. Collier Financial now owns 53,988 shares of the company’s stock worth $2,126,000 after purchasing an additional 49,482 shares during the period. Finally, Zhang Financial LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the first quarter worth about $241,000.

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.