Drake & Associates LLC Has $10.69 Million Stake in SPDR S&P Emerging Markets Dividend ETF $EDIV

Drake & Associates LLC lifted its position in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 15.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 275,996 shares of the company’s stock after purchasing an additional 37,255 shares during the period. SPDR S&P Emerging Markets Dividend ETF accounts for approximately 2.2% of Drake & Associates LLC’s investment portfolio, making the stock its 14th biggest holding. Drake & Associates LLC owned approximately 1.17% of SPDR S&P Emerging Markets Dividend ETF worth $10,689,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Elevation Point Wealth Partners LLC bought a new position in SPDR S&P Emerging Markets Dividend ETF during the 2nd quarter worth $31,000. Rosenberg Matthew Hamilton bought a new position in SPDR S&P Emerging Markets Dividend ETF during the second quarter worth about $48,000. Bank of Montreal Can increased its position in SPDR S&P Emerging Markets Dividend ETF by 58.3% during the second quarter. Bank of Montreal Can now owns 1,380 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares during the period. Accordant Advisory Group Inc acquired a new stake in SPDR S&P Emerging Markets Dividend ETF in the 3rd quarter worth about $99,000. Finally, Kovack Advisors Inc. bought a new stake in SPDR S&P Emerging Markets Dividend ETF in the 2nd quarter valued at about $208,000.

SPDR S&P Emerging Markets Dividend ETF Stock Up 0.8%

Shares of NYSEARCA:EDIV opened at $42.53 on Thursday. SPDR S&P Emerging Markets Dividend ETF has a 12-month low of $32.36 and a 12-month high of $42.54. The company’s 50 day moving average price is $40.04 and its two-hundred day moving average price is $39.20. The firm has a market cap of $1.15 billion, a PE ratio of 10.27 and a beta of 0.52.

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.