HighTower Advisors LLC Buys New Stake in SPDR S&P Emerging Markets Dividend ETF $EDIV

HighTower Advisors LLC purchased a new position in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 83,364 shares of the company’s stock, valued at approximately $3,239,000.

Other hedge funds also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 2nd quarter worth $31,000. Bank of Montreal Can lifted its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 58.3% in the 2nd quarter. Bank of Montreal Can now owns 1,380 shares of the company’s stock valued at $53,000 after acquiring an additional 508 shares during the last quarter. Accordant Advisory Group Inc bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 3rd quarter valued at about $99,000. Kovack Advisors Inc. purchased a new position in SPDR S&P Emerging Markets Dividend ETF in the second quarter worth about $208,000. Finally, Samalin Investment Counsel LLC bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the second quarter worth approximately $209,000.

SPDR S&P Emerging Markets Dividend ETF Price Performance

Shares of EDIV stock opened at $43.43 on Thursday. The company has a market cap of $1.17 billion, a PE ratio of 10.27 and a beta of 0.52. SPDR S&P Emerging Markets Dividend ETF has a 1 year low of $32.36 and a 1 year high of $43.49. The stock’s 50 day simple moving average is $40.82 and its two-hundred day simple moving average is $39.51.

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.