HighTower Advisors LLC Cuts Stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

HighTower Advisors LLC cut its stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 7.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,448 shares of the company’s stock after selling 2,412 shares during the quarter. HighTower Advisors LLC owned about 0.26% of SPDR S&P Emerging Markets Dividend ETF worth $1,139,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Scarborough Advisors LLC acquired a new position in SPDR S&P Emerging Markets Dividend ETF in the second quarter worth about $30,000. US Bancorp DE grew its stake in SPDR S&P Emerging Markets Dividend ETF by 124.7% in the third quarter. US Bancorp DE now owns 1,499 shares of the company’s stock worth $56,000 after purchasing an additional 832 shares in the last quarter. FMR LLC grew its stake in SPDR S&P Emerging Markets Dividend ETF by 122.0% in the third quarter. FMR LLC now owns 1,880 shares of the company’s stock worth $71,000 after purchasing an additional 1,033 shares in the last quarter. SouthState Corp acquired a new position in SPDR S&P Emerging Markets Dividend ETF in the second quarter worth about $105,000. Finally, Continuum Advisory LLC grew its stake in SPDR S&P Emerging Markets Dividend ETF by 27.2% in the second quarter. Continuum Advisory LLC now owns 4,279 shares of the company’s stock worth $151,000 after purchasing an additional 915 shares in the last quarter.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

NYSEARCA:EDIV opened at $35.64 on Tuesday. The company has a market capitalization of $420.54 million, a price-to-earnings ratio of 8.45 and a beta of 0.62. SPDR S&P Emerging Markets Dividend ETF has a one year low of $30.92 and a one year high of $39.23. The stock has a 50-day simple moving average of $36.12 and a 200 day simple moving average of $36.05.

SPDR S&P Emerging Markets Dividend ETF Company Profile

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.