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

SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) saw an uptick in trading volume on Wednesday . 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 firm has a market capitalization of $9.35 billion, a PE ratio of 13.05 and a beta of 0.81. The firm has a 50-day simple moving average of $40.27 and a 200-day simple moving average of $38.75.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rothschild Investment LLC purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $27,000. Lynx Investment Advisory purchased a new position in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $35,000. Archer Investment Corp purchased a new position in SPDR Portfolio Emerging Markets ETF in the 3rd quarter worth approximately $39,000. Hershey Financial Advisers LLC bought a new stake in SPDR Portfolio Emerging Markets ETF in the 2nd quarter worth approximately $49,000. Finally, Strategic Financial Concepts LLC increased its stake in SPDR Portfolio Emerging Markets ETF by 649.3% in the 2nd quarter. Strategic Financial Concepts LLC now owns 148,707 shares of the company’s stock worth $56,000 after acquiring an additional 128,861 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.