Keudell Morrison Wealth Management Makes New $8.34 Million Investment in SPDR S&P Emerging Markets Dividend ETF $EDIV

Keudell Morrison Wealth Management purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 211,199 shares of the company’s stock, valued at approximately $8,338,000. SPDR S&P Emerging Markets Dividend ETF makes up 1.7% of Keudell Morrison Wealth Management’s investment portfolio, making the stock its 13th biggest holding. Keudell Morrison Wealth Management owned about 0.72% of SPDR S&P Emerging Markets Dividend ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth $25,000. Raleigh Capital Management Inc. purchased a new position in SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth $40,000. Commonwealth Retirement Investments LLC purchased a new position in SPDR S&P Emerging Markets Dividend ETF in the 4th quarter worth $43,000. Trust Co. of Vermont raised its stake in SPDR S&P Emerging Markets Dividend ETF by 165.1% in the 4th quarter. Trust Co. of Vermont now owns 1,670 shares of the company’s stock worth $65,000 after acquiring an additional 1,040 shares during the last quarter. Finally, Ballast Advisors LLC acquired a new stake in SPDR S&P Emerging Markets Dividend ETF during the 3rd quarter worth about $99,000.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

SPDR S&P Emerging Markets Dividend ETF stock opened at $40.63 on Wednesday. The business’s 50-day simple moving average is $41.26 and its two-hundred day simple moving average is $40.67. The company has a market cap 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 fifty-two week low of $37.66 and a fifty-two week 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.