SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sets New 1-Year High at $37.15

Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) hit a new 52-week high during trading 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 Price Performance

The stock’s 50 day simple moving average is $36.14 and its two-hundred day simple moving average is $35.00. The stock has a market cap of $8.93 billion, a P/E ratio of 12.30 and a beta of 0.79.

Hedge Funds Weigh In On SPDR Portfolio Emerging Markets ETF

A number of large investors have recently bought and sold shares of SPEM. Anchor Investment Management LLC acquired a new stake in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $28,000. American National Bank raised its holdings in SPDR Portfolio Emerging Markets ETF by 179.0% in the 4th quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after acquiring an additional 519 shares during the period. Carmichael Hill & Associates Inc. bought a new stake in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth approximately $32,000. Frazier Financial Advisors LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF in the fourth quarter valued at approximately $32,000. Finally, FinTrust Capital Advisors LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF during the third quarter worth approximately $36,000.

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.