Envestnet Asset Management Inc. Raises Stock Position in SPDR S&P Emerging Markets Dividend ETF $EDIV

Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 14.7% in the third quarter, HoldingsChannel reports. The firm owned 188,780 shares of the company’s stock after buying an additional 24,155 shares during the period. Envestnet Asset Management Inc.’s holdings in SPDR S&P Emerging Markets Dividend ETF were worth $7,334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in SPDR S&P Emerging Markets Dividend ETF by 97.9% during the 2nd quarter. Bank of America Corp DE now owns 589,465 shares of the company’s stock worth $22,470,000 after purchasing an additional 291,639 shares during the period. Steward Partners Investment Advisory LLC raised its position in SPDR S&P Emerging Markets Dividend ETF by 247.5% during the second quarter. Steward Partners Investment Advisory LLC now owns 229,093 shares of the company’s stock valued at $8,733,000 after acquiring an additional 163,166 shares in the last quarter. RFG Bristol Wealth Advisors LLC purchased a new position in SPDR S&P Emerging Markets Dividend ETF during the second quarter valued at approximately $4,334,000. Jane Street Group LLC lifted its holdings in SPDR S&P Emerging Markets Dividend ETF by 1,501.9% in the first quarter. Jane Street Group LLC now owns 95,043 shares of the company’s stock valued at $3,393,000 after acquiring an additional 89,110 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its position in SPDR S&P Emerging Markets Dividend ETF by 27.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 392,923 shares of the company’s stock worth $14,978,000 after purchasing an additional 84,418 shares in the last quarter.

SPDR S&P Emerging Markets Dividend ETF Price Performance

Shares of NYSEARCA EDIV opened at $43.09 on Friday. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.27 and a beta of 0.52. The firm’s 50 day simple moving average is $40.56 and its 200-day simple moving average is $39.40. 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.