Betterment LLC Cuts Stake in SPDR Portfolio Emerging Markets ETF $SPEM

Betterment LLC decreased its position in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) by 3.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,760,723 shares of the company’s stock after selling 63,666 shares during the period. Betterment LLC owned approximately 0.57% of SPDR Portfolio Emerging Markets ETF worth $82,419,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. CWM LLC raised its holdings in SPDR Portfolio Emerging Markets ETF by 3.3% in the 3rd quarter. CWM LLC now owns 2,263,731 shares of the company’s stock worth $105,965,000 after acquiring an additional 73,219 shares during the last quarter. BlueStem Wealth Partners LLC boosted its stake in SPDR Portfolio Emerging Markets ETF by 6.7% during the 3rd quarter. BlueStem Wealth Partners LLC now owns 1,049,706 shares of the company’s stock valued at $49,137,000 after purchasing an additional 65,492 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 45.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 58,564 shares of the company’s stock worth $2,741,000 after purchasing an additional 18,303 shares in the last quarter. Cerity Partners LLC increased its holdings in shares of SPDR Portfolio Emerging Markets ETF by 0.7% in the 3rd quarter. Cerity Partners LLC now owns 2,688,945 shares of the company’s stock worth $125,869,000 after purchasing an additional 18,041 shares in the last quarter. Finally, Axos Invest Inc. purchased a new position in shares of SPDR Portfolio Emerging Markets ETF in the third quarter worth $1,471,000.

SPDR Portfolio Emerging Markets ETF Price Performance

Shares of NYSEARCA:SPEM opened at $47.19 on Friday. SPDR Portfolio Emerging Markets ETF has a 1 year low of $34.38 and a 1 year high of $51.35. The company has a market cap of $15.76 billion, a P/E ratio of 15.39 and a beta of 0.56. The stock’s fifty day moving average price is $49.30 and its 200-day moving average price is $47.58.

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.