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

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) shares saw strong trading volume on Wednesday . 12,416,359 shares traded hands during mid-day trading, an increase of 292% from the previous session’s volume of 3,167,089 shares.The stock last traded at $50.99 and had previously closed at $50.41.

SPDR Portfolio Emerging Markets ETF Trading Up 1.3%

The company has a 50 day simple moving average of $49.19 and a 200 day simple moving average of $48.54. The stock has a market capitalization of $17.50 billion, a PE ratio of 15.39 and a beta of 0.60.

Institutional Trading of SPDR Portfolio Emerging Markets ETF

Hedge funds have recently modified their holdings of the company. Western Wealth Management LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 103.9% during the first quarter. Western Wealth Management LLC now owns 136,744 shares of the company’s stock valued at $6,415,000 after acquiring an additional 69,677 shares in the last quarter. Winnow Wealth LLC grew its position in SPDR Portfolio Emerging Markets ETF by 17,744.8% in the 1st quarter. Winnow Wealth LLC now owns 15,525 shares of the company’s stock valued at $728,000 after purchasing an additional 15,438 shares during the period. Orographic Financial Advisors LLC bought a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter valued at $211,000. Financial Insights Inc. increased its stake in SPDR Portfolio Emerging Markets ETF by 6.3% during the 1st quarter. Financial Insights Inc. now owns 161,469 shares of the company’s stock valued at $7,574,000 after purchasing an additional 9,500 shares in the last quarter. Finally, Strategic Investment Advisors MI raised its holdings in SPDR Portfolio Emerging Markets ETF by 41.7% during the first quarter. Strategic Investment Advisors MI now owns 10,911 shares of the company’s stock worth $512,000 after buying an additional 3,212 shares during 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.