SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sets New 52-Week High at $37.15

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) hit a new 52-week high on Thursday . The stock traded as high as $37.15 and last traded at $37.14, with a volume of 530553 shares. The stock had previously closed at $36.49.

SPDR Portfolio Emerging Markets ETF Stock Performance

The business has a 50-day simple moving average of $36.07 and a 200-day simple moving average of $34.96. The company has a market cap of $8.87 billion, a price-to-earnings ratio of 12.30 and a beta of 0.79.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Large investors have recently modified their holdings of the company. Anchor Investment Management LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at about $28,000. American National Bank boosted its holdings in SPDR Portfolio Emerging Markets ETF by 179.0% in the fourth quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after purchasing an additional 519 shares in the last quarter. Frazier Financial Advisors LLC acquired a new position in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $32,000. Carmichael Hill & Associates Inc. purchased a new position in SPDR Portfolio Emerging Markets ETF in the third quarter valued at approximately $32,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the third quarter worth approximately $36,000.

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.