Royal Bank of Canada Purchases 28,451 Shares of SPDR S&P Emerging Markets Dividend ETF $EDIV

Royal Bank of Canada grew its position in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 7.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 386,601 shares of the company’s stock after buying an additional 28,451 shares during the quarter. Royal Bank of Canada owned 1.30% of SPDR S&P Emerging Markets Dividend ETF worth $15,263,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in SPDR S&P Emerging Markets Dividend ETF in the fourth quarter valued at approximately $25,000. Bogart Wealth LLC bought a new position in shares of SPDR S&P Emerging Markets Dividend ETF in the 1st quarter valued at $39,000. Commonwealth Retirement Investments LLC acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the 4th quarter worth $43,000. Fifth Third Bancorp acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the 1st quarter worth $101,000. Finally, Private Trust Co. NA lifted its position in shares of SPDR S&P Emerging Markets Dividend ETF by 10.0% during the 4th quarter. Private Trust Co. NA now owns 2,742 shares of the company’s stock worth $107,000 after buying an additional 250 shares during the last quarter.

SPDR S&P Emerging Markets Dividend ETF Stock Up 0.8%

NYSEARCA:EDIV opened at $41.85 on Friday. The stock’s 50-day simple moving average is $41.47 and its 200 day simple moving average is $41.18. The firm has a market capitalization of $1.23 billion, a PE ratio of 10.27 and a beta of 0.48. SPDR S&P Emerging Markets Dividend ETF has a twelve month low of $37.81 and a twelve month high of $43.49.

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.