SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Hits New 12-Month High – Still a Buy?

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $48.63 and last traded at $48.6450, with a volume of 101894 shares changing hands. The stock had previously closed at $48.21.

SPDR Portfolio Emerging Markets ETF Stock Performance

The firm has a market cap of $16.04 billion, a PE ratio of 15.39 and a beta of 0.56. The stock has a 50 day simple moving average of $47.14 and a two-hundred day simple moving average of $45.88.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Ritholtz Wealth Management grew its position in shares of SPDR Portfolio Emerging Markets ETF by 1.1% during the 3rd quarter. Ritholtz Wealth Management now owns 19,379 shares of the company’s stock valued at $907,000 after acquiring an additional 210 shares during the period. Captrust Financial Advisors boosted its position in SPDR Portfolio Emerging Markets ETF by 0.7% during the third quarter. Captrust Financial Advisors now owns 32,698 shares of the company’s stock worth $1,531,000 after purchasing an additional 222 shares in the last quarter. Verus Capital Partners LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 1.3% during the second quarter. Verus Capital Partners LLC now owns 18,408 shares of the company’s stock worth $787,000 after purchasing an additional 235 shares in the last quarter. Vestia Personal Wealth Advisors grew its holdings in SPDR Portfolio Emerging Markets ETF by 3.1% in the second quarter. Vestia Personal Wealth Advisors now owns 7,806 shares of the company’s stock valued at $334,000 after purchasing an additional 236 shares during the period. Finally, Rockbridge Investment Management LCC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 1.0% in the second quarter. Rockbridge Investment Management LCC now owns 25,083 shares of the company’s stock valued at $1,072,000 after buying an additional 239 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.