Miracle Mile Advisors LLC Sells 2,119 Shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Miracle Mile Advisors LLC cut its stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 20.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,022 shares of the company’s stock after selling 2,119 shares during the quarter. Miracle Mile Advisors LLC’s holdings in SPDR S&P Emerging Markets Dividend ETF were worth $269,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. SMI Advisory Services LLC purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the 4th quarter valued at $10,321,000. Raymond James Financial Services Advisors Inc. grew its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 717.3% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 185,262 shares of the company’s stock worth $6,025,000 after acquiring an additional 162,595 shares during the period. Avestar Capital LLC purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the fourth quarter valued at $4,956,000. Premier Path Wealth Partners LLC bought a new position in SPDR S&P Emerging Markets Dividend ETF in the fourth quarter valued at about $1,726,000. Finally, Connectus Wealth LLC purchased a new position in SPDR S&P Emerging Markets Dividend ETF in the fourth quarter worth about $1,276,000.

SPDR S&P Emerging Markets Dividend ETF Stock Up 0.3 %

NYSEARCA EDIV opened at $35.42 on Tuesday. The company has a 50-day moving average price of $35.09 and a 200-day moving average price of $33.57. SPDR S&P Emerging Markets Dividend ETF has a 52 week low of $28.16 and a 52 week high of $36.16. The firm has a market capitalization of $417.95 million, a P/E ratio of 8.45 and a beta of 0.62.

About SPDR S&P Emerging Markets Dividend ETF

The SPDR S&P Emerging Markets Dividend ETF (EDIV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund tracks a yield-weighted index of high-dividend-paying firms in emerging markets. The index screens for 3-year positive earnings growth and profitability. EDIV was launched on Feb 23, 2011 and is managed by State Street.