SG Trading Solutions LLC Invests $2.41 Million in SPDR S&P Emerging Markets Dividend ETF $EDIV

SG Trading Solutions LLC purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 61,543 shares of the company’s stock, valued at approximately $2,409,000.

Other hedge funds have also added to or reduced their stakes in the company. Jane Street Group LLC raised its holdings in SPDR S&P Emerging Markets Dividend ETF by 1,501.9% during the 1st quarter. Jane Street Group LLC now owns 95,043 shares of the company’s stock worth $3,393,000 after purchasing an additional 89,110 shares during the last quarter. Creative Planning lifted its position in SPDR S&P Emerging Markets Dividend ETF by 9.2% during the 2nd quarter. Creative Planning now owns 8,287 shares of the company’s stock valued at $316,000 after purchasing an additional 700 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 81.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 85,521 shares of the company’s stock valued at $3,254,000 after purchasing an additional 38,298 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 97.9% in the 2nd quarter. Bank of America Corp DE now owns 589,465 shares of the company’s stock valued at $22,470,000 after purchasing an additional 291,639 shares during the last quarter. Finally, MML Investors Services LLC boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 78.6% in the 2nd quarter. MML Investors Services LLC now owns 109,242 shares of the company’s stock valued at $4,164,000 after purchasing an additional 48,061 shares during the last quarter.

SPDR S&P Emerging Markets Dividend ETF Price Performance

Shares of NYSEARCA:EDIV opened at $41.63 on Friday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 10.27 and a beta of 0.48. The company has a 50 day moving average of $41.25 and a 200-day moving average of $40.63. SPDR S&P Emerging Markets Dividend ETF has a one year low of $36.94 and a one year high of $43.49.

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.