SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sets New 52-Week High – Here’s Why

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s stock price hit a new 52-week high during trading on Monday . The company 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 Trading Up 1.5%

The stock has a fifty day moving average of $47.08 and a 200-day moving average of $45.79. The firm has a market capitalization of $16.12 billion, a price-to-earnings ratio of 15.39 and a beta of 0.56.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 3.3% in the third quarter. CWM LLC now owns 2,263,731 shares of the company’s stock valued at $105,965,000 after buying an additional 73,219 shares in the last quarter. Addison Advisors LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF during the second quarter worth approximately $49,000. Allworth Financial LP raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 1.9% in 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 raised its stake in shares of SPDR Portfolio Emerging Markets ETF by 45.5% in the third quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock valued at $2,741,000 after acquiring an additional 18,303 shares during the last quarter. Finally, Cerity Partners LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the 3rd 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 in the last quarter.

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.