Concurrent Investment Advisors LLC Grows Stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Concurrent Investment Advisors LLC raised its position in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 0.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 259,456 shares of the company’s stock after purchasing an additional 357 shares during the period. Concurrent Investment Advisors LLC’s holdings in SPDR S&P Emerging Markets Dividend ETF were worth $9,774,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EDIV. swisspartners Advisors Ltd bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 3rd quarter worth approximately $8,069,000. Tower Wealth Partners Inc. raised its position in SPDR S&P Emerging Markets Dividend ETF by 0.4% in the 3rd quarter. Tower Wealth Partners Inc. now owns 150,121 shares of the company’s stock worth $5,655,000 after purchasing an additional 575 shares during the period. Gladstone Institutional Advisory LLC grew its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 10.8% during the third quarter. Gladstone Institutional Advisory LLC now owns 35,847 shares of the company’s stock valued at $1,350,000 after buying an additional 3,502 shares during the last quarter. US Bancorp DE increased its stake in SPDR S&P Emerging Markets Dividend ETF by 124.7% in the third quarter. US Bancorp DE now owns 1,499 shares of the company’s stock worth $56,000 after purchasing an additional 832 shares during the period. Finally, RiverTree Advisors LLC bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the 3rd quarter valued at about $714,000.

SPDR S&P Emerging Markets Dividend ETF Trading Down 1.7 %

Shares of EDIV traded down $0.62 during midday trading on Wednesday, reaching $35.82. 13,704 shares of the stock were exchanged, compared to its average volume of 89,497. The company has a market capitalization of $422.68 million, a P/E ratio of 8.45 and a beta of 0.62. SPDR S&P Emerging Markets Dividend ETF has a 52 week low of $29.40 and a 52 week high of $39.23. The company’s 50 day moving average is $36.96 and its two-hundred day moving average is $35.88.

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.