Keudell Morrison Wealth Management Buys New Stake in SPDR S&P Emerging Markets Dividend ETF $EDIV

Keudell Morrison Wealth Management purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) during the first quarter, Holdings Channel.com reports. The fund purchased 211,199 shares of the company’s stock, valued at approximately $8,338,000. SPDR S&P Emerging Markets Dividend ETF makes up approximately 1.7% of Keudell Morrison Wealth Management’s holdings, making the stock its 13th biggest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EDIV. Earned Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF during the 4th quarter worth about $646,000. Savvy Advisors Inc. acquired a new position in SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth about $770,000. JPMorgan Chase & Co. purchased a new position in SPDR S&P Emerging Markets Dividend ETF during the third quarter worth approximately $1,940,000. Kingsview Wealth Management LLC acquired a new stake in SPDR S&P Emerging Markets Dividend ETF in the third quarter valued at approximately $1,355,000. Finally, Bond & Devick Financial Network Inc. grew its holdings in SPDR S&P Emerging Markets Dividend ETF by 7.5% in the fourth quarter. Bond & Devick Financial Network Inc. now owns 258,220 shares of the company’s stock valued at $10,109,000 after purchasing an additional 17,949 shares during the period.

SPDR S&P Emerging Markets Dividend ETF Price Performance

SPDR S&P Emerging Markets Dividend ETF stock opened at $40.63 on Wednesday. The stock has a market capitalization of $1.21 billion, a PE ratio of 10.27 and a beta of 0.48. SPDR S&P Emerging Markets Dividend ETF has a 12 month low of $37.66 and a 12 month high of $43.49. The business has a 50 day simple moving average of $41.26 and a 200-day simple moving average of $40.67.

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.