SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Reaches New 52-Week High at $42.22

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $42.22 and last traded at $42.22, with a volume of 10545 shares trading hands. The stock had previously closed at $41.67.

SPDR Portfolio Emerging Markets ETF Stock Performance

The business has a fifty day moving average price of $38.39 and a 200 day moving average price of $37.72. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SPEM. Rothschild Investment LLC bought a new position in SPDR Portfolio Emerging Markets ETF during the 2nd quarter valued at $27,000. Lynx Investment Advisory acquired a new stake in SPDR Portfolio Emerging Markets ETF during the second quarter valued at approximately $35,000. Hershey Financial Advisers LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $49,000. Strategic Financial Concepts LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 649.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock valued at $56,000 after acquiring an additional 128,861 shares during the last quarter. Finally, American National Bank lifted its stake in SPDR Portfolio Emerging Markets ETF by 132.0% during the second quarter. American National Bank now owns 1,793 shares of the company’s stock worth $68,000 after purchasing an additional 1,020 shares during 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.