Creative Financial Designs Inc. ADV has significantly increased its investment in the SPDR S&P Emerging Markets Dividend ETF (NYSEARCA: EDIV), raising its holdings by 34.9% in the second quarter of 2023. According to a recent disclosure submitted to the Securities and Exchange Commission (SEC), the firm acquired an additional 38,394 shares, bringing its total ownership to 148,511 shares. This stake is valued at approximately $5,661,000, representing 0.71% of the ETF.
Several other institutional investors have also made adjustments to their positions in the SPDR S&P Emerging Markets Dividend ETF. Notably, Rosenberg Matthew Hamilton purchased a new position valued at around $48,000 during the second quarter. Similarly, Advisors Preferred LLC invested $63,000 in the first quarter, while Kovack Advisors Inc. and InTrack Investment Management Inc. entered the market with investments of $208,000 and $288,000, respectively, in the second quarter. Furthermore, Roman Butler Fullerton & Co. raised its stake by 17.0%, now holding 7,808 shares valued at $303,000 after acquiring an additional 1,133 shares.
Latest Stock Performance of EDIV
As of the latest trading session, shares of the SPDR S&P Emerging Markets Dividend ETF opened at $38.60. The ETF has a fifty-day moving average price of $38.82 and a 200-day moving average price of $38.19. With a market capitalization of approximately $909.03 million, the ETF has a price-to-earnings (P/E) ratio of 10.27 and a beta of 0.52. Over the past year, the stock has fluctuated between a low of $32.36 and a high of $40.13.
About the SPDR S&P Emerging Markets Dividend ETF
The SPDR S&P Emerging Markets Dividend ETF, launched on February 23, 2011, is managed by State Street. This exchange-traded fund primarily invests in equities with high dividend yields, tracking a yield-weighted index of high-dividend-paying companies in emerging markets. The index includes firms that demonstrate positive earnings growth and profitability over a three-year period.
For those interested in the latest movements among hedge funds holding the SPDR S&P Emerging Markets Dividend ETF, resources such as HoldingsChannel.com provide access to the most recent 13F filings and insider trades. Additionally, MarketBeat.com offers a daily email newsletter summarizing the latest news and analysts’ ratings for this and related companies.
