SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Strong Trading Volume

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw an uptick in trading volume on Tuesday . 3,152,062 shares traded hands during trading, an increase of 104% from the previous session’s volume of 1,542,358 shares.The stock last traded at $41.29 and had previously closed at $41.28.

SPDR Portfolio Emerging Markets ETF Stock Up 0.9 %

The company’s 50-day moving average price is $38.31 and its 200-day moving average price is $37.68. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

A number of hedge funds have recently made changes to their positions in SPEM. Rothschild Investment LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at about $27,000. Lynx Investment Advisory acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth $35,000. Hershey Financial Advisers LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter worth $49,000. American National Bank boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 132.0% during the 2nd quarter. American National Bank now owns 1,793 shares of the company’s stock valued at $68,000 after acquiring an additional 1,020 shares during the last quarter. Finally, SouthState Corp acquired a new position in shares of SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at about $86,000.

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.