Comerica Bank Reduces Stock Holdings in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Comerica Bank cut its holdings in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 72.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 2,743 shares of the company’s stock after selling 7,225 shares during the quarter. Comerica Bank’s holdings in SPDR S&P Emerging Markets Dividend ETF were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Synergy Asset Management LLC purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth approximately $25,000. Cape Investment Advisory Inc. purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth approximately $26,000. Bank of Montreal Can purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth approximately $31,000. Compass Planning Associates Inc purchased a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth approximately $51,000. Finally, Capital Investment Advisory Services LLC grew its position in shares of SPDR S&P Emerging Markets Dividend ETF by 173.7% during the fourth quarter. Capital Investment Advisory Services LLC now owns 1,478 shares of the company’s stock worth $52,000 after acquiring an additional 938 shares during the last quarter.

SPDR S&P Emerging Markets Dividend ETF Trading Up 0.1%

Shares of EDIV opened at $37.87 on Monday. The firm has a market cap of $717.64 million, a PE ratio of 9.97 and a beta of 0.55. The company’s 50 day simple moving average is $35.93 and its 200-day simple moving average is $35.70. SPDR S&P Emerging Markets Dividend ETF has a 12-month low of $32.36 and a 12-month high of $39.23.

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.