Envestnet Asset Management Inc. Buys 24,155 Shares of SPDR S&P Emerging Markets Dividend ETF $EDIV

Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 14.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 188,780 shares of the company’s stock after purchasing an additional 24,155 shares during the quarter. Envestnet Asset Management Inc. owned about 0.80% of SPDR S&P Emerging Markets Dividend ETF worth $7,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in EDIV. Elevation Point Wealth Partners LLC bought a new position in SPDR S&P Emerging Markets Dividend ETF in the second quarter worth about $31,000. Bank of Montreal Can raised its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 58.3% during the 2nd quarter. Bank of Montreal Can now owns 1,380 shares of the company’s stock worth $53,000 after acquiring an additional 508 shares in the last quarter. Accordant Advisory Group Inc purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the third quarter valued at approximately $99,000. Kovack Advisors Inc. purchased a new stake in SPDR S&P Emerging Markets Dividend ETF during the second quarter valued at approximately $208,000. Finally, Samalin Investment Counsel LLC acquired a new stake in SPDR S&P Emerging Markets Dividend ETF in the second quarter valued at approximately $209,000.

SPDR S&P Emerging Markets Dividend ETF Trading Up 1.3%

NYSEARCA EDIV opened at $43.09 on Friday. The firm’s fifty day simple moving average is $40.56 and its two-hundred day simple moving average is $39.40. The firm has a market capitalization of $1.16 billion, a P/E ratio of 10.27 and a beta of 0.52. SPDR S&P Emerging Markets Dividend ETF has a 12-month low of $32.36 and a 12-month high of $43.11.

SPDR S&P Emerging Markets Dividend ETF 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.