SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw an uptick in trading volume on Thursday . 1,575,307 shares traded hands during mid-day trading, a decline of 7% from the previous session’s volume of 1,685,568 shares.The stock last traded at $36.58 and had previously closed at $36.93.

SPDR Portfolio Emerging Markets ETF Stock Up 2.7 %

The company has a market cap of $9.90 billion, a P/E ratio of 14.84 and a beta of 0.67. The firm’s 50-day moving average price is $39.14 and its 200-day moving average price is $39.52.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Several institutional investors have recently made changes to their positions in the stock. Compton Financial Group LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at about $7,030,000. OLIO Financial Planning lifted its stake in SPDR Portfolio Emerging Markets ETF by 23.1% in the first quarter. OLIO Financial Planning now owns 53,026 shares of the company’s stock worth $2,088,000 after purchasing an additional 9,938 shares during the last quarter. KFG Wealth Management LLC boosted its position in SPDR Portfolio Emerging Markets ETF by 10.6% during the first quarter. KFG Wealth Management LLC now owns 426,328 shares of the company’s stock valued at $16,785,000 after buying an additional 40,986 shares during the period. City State Bank grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 2.3% during the first quarter. City State Bank now owns 21,766 shares of the company’s stock valued at $857,000 after buying an additional 495 shares during the last quarter. Finally, McNamara Financial Services Inc. grew its position in SPDR Portfolio Emerging Markets ETF by 5.6% during the 1st quarter. McNamara Financial Services Inc. now owns 862,674 shares of the company’s stock worth $33,963,000 after acquiring an additional 45,582 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.