AE Wealth Management LLC Purchases 16,778 Shares of SPDR S&P Emerging Markets Dividend ETF $EDIV

AE Wealth Management LLC grew its holdings in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 5.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 305,902 shares of the company’s stock after acquiring an additional 16,778 shares during the quarter. AE Wealth Management LLC’s holdings in SPDR S&P Emerging Markets Dividend ETF were worth $11,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EDIV. Cetera Investment Advisers raised its holdings in SPDR S&P Emerging Markets Dividend ETF by 6.1% in the 2nd quarter. Cetera Investment Advisers now owns 1,345,538 shares of the company’s stock worth $51,292,000 after purchasing an additional 77,634 shares in the last quarter. Bank of America Corp DE raised its stake in SPDR S&P Emerging Markets Dividend ETF by 97.9% in the second quarter. Bank of America Corp DE now owns 589,465 shares of the company’s stock worth $22,470,000 after buying an additional 291,639 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in SPDR S&P Emerging Markets Dividend ETF by 27.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 392,923 shares of the company’s stock worth $14,978,000 after buying an additional 84,418 shares during the period. Drake & Associates LLC lifted its holdings in SPDR S&P Emerging Markets Dividend ETF by 4.2% in the second quarter. Drake & Associates LLC now owns 238,741 shares of the company’s stock worth $9,101,000 after buying an additional 9,534 shares during the period. Finally, swisspartners Advisors Ltd boosted its position in SPDR S&P Emerging Markets Dividend ETF by 3.9% during the 2nd quarter. swisspartners Advisors Ltd now owns 233,650 shares of the company’s stock valued at $8,896,000 after acquiring an additional 8,760 shares in the last quarter.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

EDIV stock opened at $41.12 on Friday. SPDR S&P Emerging Markets Dividend ETF has a fifty-two week low of $32.36 and a fifty-two week high of $42.06. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.27 and a beta of 0.52. The business’s 50 day moving average price is $39.56 and its two-hundred day moving average price is $39.03.

About SPDR S&P Emerging Markets Dividend ETF

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.