SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) Sees Large Volume Increase – Here’s What Happened

Shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw unusually-high trading volume on Wednesday . Approximately 3,203,824 shares traded hands during mid-day trading, an increase of 102% from the previous session’s volume of 1,589,064 shares.The stock last traded at $39.38 and had previously closed at $39.62.

SPDR Portfolio Emerging Markets ETF Price Performance

The business has a 50 day simple moving average of $40.30 and a 200 day simple moving average of $38.75. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81.

Institutional Investors Weigh In On SPDR Portfolio Emerging Markets ETF

Hedge funds have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in SPDR Portfolio Emerging Markets ETF by 6.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,995,049 shares of the company’s stock worth $188,164,000 after purchasing an additional 323,995 shares during the last quarter. US Bancorp DE lifted its holdings in SPDR Portfolio Emerging Markets ETF by 40.9% in the first quarter. US Bancorp DE now owns 13,995 shares of the company’s stock valued at $506,000 after buying an additional 4,063 shares during the period. Forbes Financial Planning Inc. boosted its stake in SPDR Portfolio Emerging Markets ETF by 104.7% in the second quarter. Forbes Financial Planning Inc. now owns 67,199 shares of the company’s stock valued at $2,531,000 after acquiring an additional 34,371 shares during the last quarter. Raymond James & Associates grew its holdings in SPDR Portfolio Emerging Markets ETF by 9.1% during the 2nd quarter. Raymond James & Associates now owns 237,873 shares of the company’s stock worth $8,961,000 after acquiring an additional 19,939 shares during the period. Finally, Second Line Capital LLC raised its position in shares of SPDR Portfolio Emerging Markets ETF by 4.5% during the 2nd quarter. Second Line Capital LLC now owns 203,959 shares of the company’s stock valued at $7,683,000 after acquiring an additional 8,783 shares during the last quarter.

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.