SigFig Wealth Management LLC Reduces Stock Holdings in SPDR Portfolio Emerging Markets ETF $SPEM

SigFig Wealth Management LLC lowered its position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 5.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 323,023 shares of the company’s stock after selling 17,059 shares during the quarter. SigFig Wealth Management LLC’s holdings in SPDR Portfolio Emerging Markets ETF were worth $13,774,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPEM. Jane Street Group LLC acquired a new stake in SPDR Portfolio Emerging Markets ETF during the 1st quarter worth about $57,992,000. 3EDGE Asset Management LP lifted its position in SPDR Portfolio Emerging Markets ETF by 2,500.7% during the 1st quarter. 3EDGE Asset Management LP now owns 777,050 shares of the company’s stock worth $30,598,000 after acquiring an additional 747,171 shares during the period. LPL Financial LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 6.1% during the 1st quarter. LPL Financial LLC now owns 10,706,453 shares of the company’s stock worth $421,513,000 after acquiring an additional 620,049 shares during the period. Cerity Partners LLC lifted its position in SPDR Portfolio Emerging Markets ETF by 24.6% during the 1st quarter. Cerity Partners LLC now owns 2,766,398 shares of the company’s stock worth $108,913,000 after acquiring an additional 545,724 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in SPDR Portfolio Emerging Markets ETF by 7.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 6,361,844 shares of the company’s stock worth $250,466,000 after acquiring an additional 461,936 shares during the period.

SPDR Portfolio Emerging Markets ETF Stock Performance

Shares of SPEM opened at $46.81 on Wednesday. The stock has a 50-day moving average of $44.86 and a two-hundred day moving average of $42.14. SPDR Portfolio Emerging Markets ETF has a one year low of $34.38 and a one year high of $47.21. The stock has a market cap of $13.62 billion, a P/E ratio of 15.39 and a beta of 0.68.

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.