Northwestern Mutual Wealth Management Co. Boosts Stock Position in SPDR S&P Emerging Markets Dividend ETF $EDIV

Northwestern Mutual Wealth Management Co. grew its holdings in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 7.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 485,275 shares of the company’s stock after acquiring an additional 35,336 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P Emerging Markets Dividend ETF were worth $18,998,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Bank of America Corp DE increased its position in shares of SPDR S&P Emerging Markets Dividend ETF by 8.2% in the third quarter. Bank of America Corp DE now owns 637,551 shares of the company’s stock valued at $24,769,000 after buying an additional 48,086 shares in the last quarter. AE Wealth Management LLC increased its position in shares of SPDR S&P Emerging Markets Dividend ETF by 4.5% in the fourth quarter. AE Wealth Management LLC now owns 319,664 shares of the company’s stock valued at $12,515,000 after buying an additional 13,762 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of SPDR S&P Emerging Markets Dividend ETF by 6.6% in the third quarter. Raymond James Financial Inc. now owns 286,405 shares of the company’s stock valued at $11,127,000 after buying an additional 17,665 shares in the last quarter. swisspartners Advisors Ltd increased its position in shares of SPDR S&P Emerging Markets Dividend ETF by 6.8% in the fourth quarter. swisspartners Advisors Ltd now owns 280,410 shares of the company’s stock valued at $10,966,000 after buying an additional 17,900 shares in the last quarter. Finally, Drake & Associates LLC increased its position in shares of SPDR S&P Emerging Markets Dividend ETF by 15.6% in the third quarter. Drake & Associates LLC now owns 275,996 shares of the company’s stock valued at $10,689,000 after buying an additional 37,255 shares in the last quarter.

SPDR S&P Emerging Markets Dividend ETF Price Performance

SPDR S&P Emerging Markets Dividend ETF stock opened at $41.43 on Monday. SPDR S&P Emerging Markets Dividend ETF has a 12 month low of $36.94 and a 12 month high of $43.49. The stock has a market capitalization of $1.23 billion, a PE ratio of 10.27 and a beta of 0.48. The business has a 50 day simple moving average of $40.65 and a 200-day simple moving average of $40.36.

SPDR S&P Emerging Markets Dividend ETF Company 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.