SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sets New 1-Year High – Time to Buy?

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $49.30 and last traded at $49.2410, with a volume of 402 shares traded. The stock had previously closed at $48.82.

SPDR Portfolio Emerging Markets ETF Stock Up 0.9%

The company’s fifty day moving average price is $47.27 and its 200 day moving average price is $46.10. The company has a market capitalization of $16.30 billion, a P/E ratio of 15.39 and a beta of 0.56.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

A number of institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. grew its stake in SPDR Portfolio Emerging Markets ETF by 6,487.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 10,916,062 shares of the company’s stock worth $466,552,000 after buying an additional 10,750,340 shares in the last quarter. Vantagepoint Investment Advisers LLC bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth approximately $128,313,000. Allworth Financial LP boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 38.5% during the 3rd quarter. Allworth Financial LP now owns 9,261,432 shares of the company’s stock worth $433,528,000 after acquiring an additional 2,572,333 shares in the last quarter. 3EDGE Asset Management LP increased its stake in SPDR Portfolio Emerging Markets ETF by 309.6% in the second quarter. 3EDGE Asset Management LP now owns 3,182,524 shares of the company’s stock valued at $135,997,000 after acquiring an additional 2,405,474 shares during the last quarter. Finally, NorthRock Partners LLC raised its position in SPDR Portfolio Emerging Markets ETF by 38,107.1% during the third quarter. NorthRock Partners LLC now owns 1,106,095 shares of the company’s stock valued at $51,776,000 after purchasing an additional 1,103,200 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.