Asset Dedication LLC Trims Stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Asset Dedication LLC lessened its stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 20.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,925 shares of the company’s stock after selling 8,032 shares during the period. Asset Dedication LLC owned about 0.26% of SPDR S&P Emerging Markets Dividend ETF worth $1,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EDIV. Scarborough Advisors LLC purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the second quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in SPDR S&P Emerging Markets Dividend ETF in the 2nd quarter valued at $51,000. SouthState Corp purchased a new stake in SPDR S&P Emerging Markets Dividend ETF in the 2nd quarter worth $105,000. Continuum Advisory LLC raised its position in SPDR S&P Emerging Markets Dividend ETF by 27.2% during the second quarter. Continuum Advisory LLC now owns 4,279 shares of the company’s stock worth $151,000 after acquiring an additional 915 shares during the period. Finally, Cowa LLC purchased a new position in SPDR S&P Emerging Markets Dividend ETF during the second quarter valued at $211,000.

SPDR S&P Emerging Markets Dividend ETF Stock Up 1.2 %

Shares of NYSEARCA EDIV opened at $37.22 on Thursday. The firm has a market cap of $439.20 million, a price-to-earnings ratio of 8.45 and a beta of 0.62. The company’s 50-day simple moving average is $36.78 and its 200-day simple moving average is $35.53. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $28.70 and a 52-week high of $39.23.

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.