SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Hits New 1-Year High – Should You Buy?

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $51.45 and last traded at $51.41, with a volume of 74038 shares. The stock had previously closed at $50.52.

SPDR Portfolio Emerging Markets ETF Stock Up 2.0%

The stock has a market cap of $17.66 billion, a P/E ratio of 15.39 and a beta of 0.57. The firm’s fifty day moving average price is $48.60 and its 200-day moving average price is $47.92.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Several large investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 20.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 15,874,429 shares of the company’s stock valued at $743,082,000 after buying an additional 2,653,013 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 12.7% during the 4th quarter. LPL Financial LLC now owns 15,587,049 shares of the company’s stock valued at $729,630,000 after buying an additional 1,758,866 shares in the last quarter. Allworth Financial LP boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 1.0% during the 4th quarter. Allworth Financial LP now owns 9,355,461 shares of the company’s stock valued at $437,929,000 after buying an additional 94,029 shares in the last quarter. Morgan Stanley boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 9.8% during the 4th quarter. Morgan Stanley now owns 6,997,855 shares of the company’s stock valued at $327,570,000 after buying an additional 622,595 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of SPDR Portfolio Emerging Markets ETF by 7.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 6,946,967 shares of the company’s stock valued at $325,188,000 after buying an additional 462,591 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.