SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sets New 52-Week High – Time to Buy?

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $52.55 and last traded at $52.51, with a volume of 132360 shares changing hands. The stock had previously closed at $51.63.

SPDR Portfolio Emerging Markets ETF Stock Performance

The company has a market cap of $18.03 billion, a price-to-earnings ratio of 15.39 and a beta of 0.60. The stock’s fifty day moving average is $48.80 and its two-hundred day moving average is $48.32.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Several institutional investors and hedge funds have recently modified their holdings of SPEM. Charles Schwab Investment Management Inc. boosted its position in shares of SPDR Portfolio Emerging Markets ETF by 20.1% during the fourth 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 during the last quarter. LPL Financial LLC lifted its stake in 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 acquiring an additional 1,758,866 shares in the last quarter. Allworth Financial LP lifted its stake in 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 acquiring an additional 94,029 shares in the last quarter. Morgan Stanley boosted its holdings in 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 worth $327,570,000 after acquiring an additional 622,595 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in 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 worth $325,188,000 after acquiring an additional 462,591 shares during 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.