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

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)’s share price reached a new 52-week high on Monday . The company traded as high as $48.63 and last traded at $48.6450, with a volume of 101894 shares. The stock had previously closed at $48.21.

SPDR Portfolio Emerging Markets ETF Trading Up 1.5%

The company has a 50-day moving average price of $47.08 and a 200 day moving average price of $45.79. The stock has a market capitalization of $16.12 billion, a P/E ratio of 15.39 and a beta of 0.56.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Private Wealth Group LLC increased its position in shares of SPDR Portfolio Emerging Markets ETF by 2.2% during the fourth quarter. Private Wealth Group LLC now owns 14,183 shares of the company’s stock worth $664,000 after purchasing an additional 311 shares in the last quarter. ONE Advisory Partners LLC increased its position in SPDR Portfolio Emerging Markets ETF by 21.5% during the 4th quarter. ONE Advisory Partners LLC now owns 337,936 shares of the company’s stock valued at $15,819,000 after buying an additional 59,747 shares in the last quarter. Balefire LLC increased its position in SPDR Portfolio Emerging Markets ETF by 5.3% during the 4th quarter. Balefire LLC now owns 67,935 shares of the company’s stock valued at $3,180,000 after buying an additional 3,425 shares in the last quarter. Archer Investment Management LLC purchased a new stake in SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at about $2,876,000. Finally, Spinnaker Investment Group LLC boosted its holdings in SPDR Portfolio Emerging Markets ETF by 5.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 8,846 shares of the company’s stock worth $414,000 after acquiring an additional 469 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.