SigFig Wealth Management LLC Makes New Investment in SPDR Portfolio Emerging Markets ETF $SPEM

SigFig Wealth Management LLC bought a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) during the 3rd quarter, Holdings Channel reports. The fund bought 272,825 shares of the company’s stock, valued at approximately $14,121,000. SPDR Portfolio Emerging Markets ETF accounts for approximately 0.4% of SigFig Wealth Management LLC’s portfolio, making the stock its 28th largest holding.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 6.7% in the 2nd quarter. State Street Corp now owns 5,231,398 shares of the company’s stock valued at $270,882,000 after purchasing an additional 329,626 shares in the last quarter. Cerity Partners LLC grew its position in SPDR Portfolio Emerging Markets ETF by 3.2% during the fourth quarter. Cerity Partners LLC now owns 2,773,927 shares of the company’s stock worth $129,848,000 after buying an additional 84,982 shares during the period. Focus Partners Wealth increased its holdings in SPDR Portfolio Emerging Markets ETF by 6.3% in the fourth quarter. Focus Partners Wealth now owns 2,209,880 shares of the company’s stock valued at $103,255,000 after buying an additional 130,182 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in SPDR Portfolio Emerging Markets ETF by 12.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 2,123,055 shares of the company’s stock valued at $109,932,000 after buying an additional 237,526 shares in the last quarter. Finally, Mariner LLC lifted its position in shares of SPDR Portfolio Emerging Markets ETF by 7.8% during the 4th quarter. Mariner LLC now owns 1,811,376 shares of the company’s stock valued at $84,791,000 after acquiring an additional 131,079 shares during the period.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of SPEM stock traded down $0.61 during midday trading on Wednesday, reaching $52.23. 751,092 shares of the company traded hands, compared to its average volume of 2,541,137. The firm’s 50 day simple moving average is $52.25 and its two-hundred day simple moving average is $51.19. The firm has a market cap of $17.63 billion, a PE ratio of 15.39 and a beta of 0.61. SPDR Portfolio Emerging Markets ETF has a 1-year low of $45.28 and a 1-year high of $53.54.

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.