Old Port Advisors Decreases Stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Old Port Advisors reduced its position in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 1.9% during the fourth quarter, HoldingsChannel reports. The fund owned 112,403 shares of the company’s stock after selling 2,182 shares during the quarter. SPDR S&P Emerging Markets Dividend ETF comprises 1.1% of Old Port Advisors’ holdings, making the stock its 18th biggest position. Old Port Advisors’ holdings in SPDR S&P Emerging Markets Dividend ETF were worth $3,965,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Scarborough Advisors LLC bought a new stake in shares of SPDR S&P Emerging Markets Dividend ETF during the 2nd quarter valued at $30,000. National Bank of Canada FI increased its position in shares of SPDR S&P Emerging Markets Dividend ETF by 88.3% during the third quarter. National Bank of Canada FI now owns 1,461 shares of the company’s stock valued at $55,000 after buying an additional 685 shares during the period. US Bancorp DE lifted its holdings in shares of 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 buying an additional 832 shares in the last quarter. FMR LLC boosted its position in shares of SPDR S&P Emerging Markets Dividend ETF by 122.0% in the third quarter. FMR LLC now owns 1,880 shares of the company’s stock valued at $71,000 after acquiring an additional 1,033 shares during the period. Finally, SouthState Corp purchased a new position in SPDR S&P Emerging Markets Dividend ETF during the second quarter valued at approximately $105,000.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

NYSEARCA EDIV traded down $0.24 on Thursday, hitting $35.04. The stock had a trading volume of 40,409 shares, compared to its average volume of 93,517. The firm has a 50-day moving average of $35.69 and a 200-day moving average of $36.06. The company has a market capitalization of $413.47 million, a price-to-earnings ratio of 8.45 and a beta of 0.62. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $30.92 and a 52-week high of $39.23.

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.