Tower Wealth Partners Inc. bought a new position in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 149,546 shares of the company’s stock, valued at approximately $5,279,000. SPDR S&P Emerging Markets Dividend ETF accounts for about 3.3% of Tower Wealth Partners Inc.’s portfolio, making the stock its 10th biggest position.
A number of other hedge funds and other institutional investors also recently made changes to their positions in EDIV. Scarborough Advisors LLC bought a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the 2nd quarter valued at approximately $30,000. Triad Wealth Partners LLC acquired a new stake in SPDR S&P Emerging Markets Dividend ETF in the second quarter valued at approximately $51,000. SouthState Corp bought a new stake in SPDR S&P Emerging Markets Dividend ETF in the second quarter worth approximately $105,000. Pineridge Advisors LLC bought a new stake in SPDR S&P Emerging Markets Dividend ETF in the fourth quarter worth approximately $129,000. Finally, Continuum Advisory LLC increased its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 27.2% during the 2nd quarter. Continuum Advisory LLC now owns 4,279 shares of the company’s stock worth $151,000 after purchasing an additional 915 shares during the last quarter.
SPDR S&P Emerging Markets Dividend ETF Trading Up 0.5 %
EDIV stock opened at $36.94 on Tuesday. The firm has a market cap of $435.89 million, a PE ratio of 8.45 and a beta of 0.62. SPDR S&P Emerging Markets Dividend ETF has a 1 year low of $28.70 and a 1 year high of $37.03. The company has a fifty day simple moving average of $35.81 and a 200 day simple moving average of $34.95.
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.
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Want to see what other hedge funds are holding EDIV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV – Free Report).
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