Simplicity Wealth LLC Invests $613,000 in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Simplicity Wealth LLC purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) in the 1st quarter, Holdings Channel reports. The firm purchased 17,158 shares of the company’s stock, valued at approximately $613,000.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth $31,000. Stratos Wealth Partners LTD. acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth $363,000. Jones Financial Companies Lllp increased its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 226.6% during the fourth quarter. Jones Financial Companies Lllp now owns 12,458 shares of the company’s stock worth $439,000 after buying an additional 8,643 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth $9,628,000. Finally, Ameriprise Financial Inc. increased its holdings in shares of SPDR S&P Emerging Markets Dividend ETF by 9.2% during the fourth quarter. Ameriprise Financial Inc. now owns 53,654 shares of the company’s stock worth $1,893,000 after buying an additional 4,527 shares in the last quarter.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

Shares of NYSEARCA:EDIV opened at $38.53 on Thursday. The company has a market capitalization of $760.97 million, a PE ratio of 9.97 and a beta of 0.55. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $32.36 and a 52-week high of $39.23. The company has a fifty day moving average of $36.63 and a 200-day moving average of $35.99.

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.