SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Hits New 1-Year High – What’s Next?

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s share price reached a new 52-week high on Friday . The company traded as high as $47.83 and last traded at $47.82, with a volume of 57393 shares. The stock had previously closed at $47.48.

SPDR Portfolio Emerging Markets ETF Stock Performance

The firm has a fifty day moving average price of $46.07 and a 200 day moving average price of $43.17. The stock has a market cap of $14.69 billion, a PE ratio of 15.39 and a beta of 0.68.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vicus Capital lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1,261.0% during the 3rd quarter. Vicus Capital now owns 311,202 shares of the company’s stock valued at $14,567,000 after purchasing an additional 288,336 shares during the last quarter. Bristlecone Advisors LLC lifted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.9% during the 3rd quarter. Bristlecone Advisors LLC now owns 103,638 shares of the company’s stock valued at $4,851,000 after purchasing an additional 885 shares during the last quarter. IRON Financial LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2.8% in the 3rd quarter. IRON Financial LLC now owns 30,952 shares of the company’s stock valued at $1,449,000 after acquiring an additional 835 shares during the period. Macroview Investment Management LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2.8% in the 3rd quarter. Macroview Investment Management LLC now owns 11,422 shares of the company’s stock valued at $535,000 after acquiring an additional 316 shares during the period. Finally, ORG Wealth Partners LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 12.8% in the 3rd quarter. ORG Wealth Partners LLC now owns 8,986 shares of the company’s stock valued at $421,000 after acquiring an additional 1,017 shares during the period.

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.