SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Hits New 1-Year High – Should You Buy?

Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) hit a new 52-week high during trading on Friday . The company traded as high as $51.45 and last traded at $51.41, with a volume of 74038 shares changing hands. The stock had previously closed at $50.52.

SPDR Portfolio Emerging Markets ETF Trading Up 2.0%

The stock has a market cap of $17.66 billion, a P/E ratio of 15.39 and a beta of 0.57. The stock’s fifty day moving average price is $48.60 and its 200 day moving average price is $47.92.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

A number of hedge funds have recently bought and sold shares of the company. Paces Ferry Wealth Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 4.1% in the 4th quarter. Paces Ferry Wealth Advisors LLC now owns 5,051 shares of the company’s stock worth $236,000 after purchasing an additional 200 shares in the last quarter. Mascagni Wealth Management Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 4.8% in the 4th quarter. Mascagni Wealth Management Inc. now owns 4,499 shares of the company’s stock worth $211,000 after purchasing an additional 207 shares in the last quarter. River Street Advisors LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.8% in the 4th quarter. River Street Advisors LLC now owns 12,122 shares of the company’s stock worth $567,000 after purchasing an additional 209 shares in the last quarter. Ritholtz Wealth Management boosted its stake in SPDR Portfolio Emerging Markets ETF by 1.1% in the 3rd quarter. Ritholtz Wealth Management now owns 19,379 shares of the company’s stock worth $907,000 after purchasing an additional 210 shares in the last quarter. Finally, Kraft Davis & Associates LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 4.5% in the 4th quarter. Kraft Davis & Associates LLC now owns 4,934 shares of the company’s stock worth $240,000 after purchasing an additional 213 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.