Kovack Advisors Inc. Makes New Investment in SPDR S&P Emerging Markets Dividend ETF $EDIV

Kovack Advisors Inc. bought a new position in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 5,451 shares of the company’s stock, valued at approximately $208,000.

A number of other hedge funds have also added to or reduced their stakes in EDIV. Capital Investment Advisory Services LLC boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 493.7% during the first quarter. Capital Investment Advisory Services LLC now owns 8,775 shares of the company’s stock valued at $313,000 after purchasing an additional 7,297 shares in the last quarter. Drake & Associates LLC boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 2.7% during the first quarter. Drake & Associates LLC now owns 229,207 shares of the company’s stock valued at $8,183,000 after purchasing an additional 5,956 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 11.8% during the first quarter. Envestnet Asset Management Inc. now owns 132,937 shares of the company’s stock valued at $4,746,000 after purchasing an additional 14,055 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 11.9% during the first quarter. Stratos Wealth Partners LTD. now owns 11,511 shares of the company’s stock valued at $411,000 after purchasing an additional 1,223 shares in the last quarter. Finally, ESG Planning DBA Harper Investing boosted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 36.4% during the first quarter. ESG Planning DBA Harper Investing now owns 43,921 shares of the company’s stock valued at $1,568,000 after purchasing an additional 11,731 shares in the last quarter.

SPDR S&P Emerging Markets Dividend ETF Stock Performance

NYSEARCA EDIV opened at $38.56 on Monday. The firm’s 50 day moving average price is $38.81 and its 200-day moving average price is $38.26. SPDR S&P Emerging Markets Dividend ETF has a 52-week low of $32.36 and a 52-week high of $40.13. The company has a market cap of $908.09 million, a PE ratio of 10.27 and a beta of 0.52.

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.