Miracle Mile Advisors LLC Sells 2,119 Shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Miracle Mile Advisors LLC reduced its position in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 20.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,022 shares of the company’s stock after selling 2,119 shares during the quarter. Miracle Mile Advisors LLC owned about 0.10% of SPDR S&P Emerging Markets Dividend ETF worth $269,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SMI Advisory Services LLC acquired a new position in SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth $10,321,000. Raymond James Financial Services Advisors Inc. lifted its position in SPDR S&P Emerging Markets Dividend ETF by 717.3% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 185,262 shares of the company’s stock valued at $6,025,000 after acquiring an additional 162,595 shares in the last quarter. Avestar Capital LLC acquired a new position in SPDR S&P Emerging Markets Dividend ETF during the 4th quarter valued at about $4,956,000. Premier Path Wealth Partners LLC bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the 4th quarter worth approximately $1,726,000. Finally, Connectus Wealth LLC bought a new stake in SPDR S&P Emerging Markets Dividend ETF during the 4th quarter worth approximately $1,276,000.

SPDR S&P Emerging Markets Dividend ETF Stock Up 0.3 %

EDIV stock opened at $35.42 on Tuesday. The stock’s 50 day moving average is $35.09 and its 200-day moving average is $33.57. SPDR S&P Emerging Markets Dividend ETF has a twelve month low of $28.16 and a twelve month high of $36.16. The firm has a market capitalization of $417.95 million, a PE ratio of 8.45 and a beta of 0.62.

SPDR S&P Emerging Markets Dividend ETF 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.