Cherry Tree Wealth Management LLC Trims Stake in SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV)

Cherry Tree Wealth Management LLC lowered its holdings in shares of SPDR S&P Emerging Markets Dividend ETF (NYSEARCA:EDIV) by 3.6% in the fourth quarter, Holdings Channel reports. The firm owned 9,265 shares of the company’s stock after selling 348 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in SPDR S&P Emerging Markets Dividend ETF were worth $301,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Anchor Investment Management LLC purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF during the fourth quarter worth approximately $31,000. BluePath Capital Management LLC purchased a new position in SPDR S&P Emerging Markets Dividend ETF during the 3rd quarter worth $46,000. Commonwealth Equity Services LLC lifted its stake in shares of SPDR S&P Emerging Markets Dividend ETF by 41.0% in the 3rd quarter. Commonwealth Equity Services LLC now owns 10,886 shares of the company’s stock worth $324,000 after acquiring an additional 3,164 shares during the period. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of SPDR S&P Emerging Markets Dividend ETF in the third quarter valued at about $353,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of SPDR S&P Emerging Markets Dividend ETF during the third quarter worth about $353,000.

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

NYSEARCA EDIV traded up $0.04 during trading hours on Wednesday, hitting $34.52. 45,043 shares of the stock were exchanged, compared to its average volume of 109,090. SPDR S&P Emerging Markets Dividend ETF has a 12-month low of $26.85 and a 12-month high of $34.63. The stock has a 50-day moving average of $33.54 and a 200 day moving average of $32.16. The company has a market cap of $407.34 million, a price-to-earnings ratio of 8.45 and a beta of 0.62.

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.