SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Large Volume Increase

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw strong trading volume on Wednesday . 1,722,150 shares traded hands during trading, a decline of 9% from the previous session’s volume of 1,894,352 shares.The stock last traded at $36.03 and had previously closed at $35.99.

SPDR Portfolio Emerging Markets ETF Price Performance

The business has a fifty day moving average of $35.97 and a 200 day moving average of $34.87. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 12.11 and a beta of 0.78.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

A number of hedge funds have recently modified their holdings of the business. MBM Wealth Consultants LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF in the 3rd quarter valued at approximately $201,000. Watershed Private Wealth LLC grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 4.1% in the third quarter. Watershed Private Wealth LLC now owns 39,546 shares of the company’s stock valued at $1,328,000 after buying an additional 1,561 shares in the last quarter. Apeiron RIA LLC raised its holdings in shares of SPDR Portfolio Emerging Markets ETF by 7.6% in the 3rd quarter. Apeiron RIA LLC now owns 19,338 shares of the company’s stock valued at $649,000 after buying an additional 1,362 shares during the period. Ballentine Partners LLC lifted its stake in SPDR Portfolio Emerging Markets ETF by 2.5% during the 3rd quarter. Ballentine Partners LLC now owns 551,835 shares of the company’s stock worth $18,525,000 after acquiring an additional 13,614 shares in the last quarter. Finally, ACT Advisors LLC. acquired a new position in SPDR Portfolio Emerging Markets ETF during the 3rd quarter worth about $584,000.

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.