SPDR S&P International Dividend ETF (NYSEARCA:DWX) Sees Strong Trading Volume – Here’s Why

Shares of SPDR S&P International Dividend ETF (NYSEARCA:DWX) saw strong trading volume on Tuesday . 382,736 shares changed hands during trading, an increase of 645% from the previous session’s volume of 51,360 shares.The stock last traded at $44.0950 and had previously closed at $44.25.

SPDR S&P International Dividend ETF Price Performance

The stock has a market capitalization of $500.88 million, a P/E ratio of 17.89 and a beta of 0.60. The company’s 50 day simple moving average is $43.51 and its two-hundred day simple moving average is $42.91.

Institutional Investors Weigh In On SPDR S&P International Dividend ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of DWX. Baker Avenue Asset Management LP boosted its stake in SPDR S&P International Dividend ETF by 161.2% in the second quarter. Baker Avenue Asset Management LP now owns 210,444 shares of the company’s stock worth $8,870,000 after purchasing an additional 129,874 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of SPDR S&P International Dividend ETF by 253.4% in the first quarter. Jones Financial Companies Lllp now owns 103,457 shares of the company’s stock valued at $3,969,000 after buying an additional 74,182 shares during the last quarter. Dorsey Wright & Associates bought a new position in shares of SPDR S&P International Dividend ETF in the second quarter valued at about $2,812,000. Jane Street Group LLC acquired a new position in SPDR S&P International Dividend ETF during the 2nd quarter worth about $2,435,000. Finally, Concord Asset Management LLC VA grew its holdings in SPDR S&P International Dividend ETF by 28.5% during the 2nd quarter. Concord Asset Management LLC VA now owns 228,260 shares of the company’s stock worth $9,621,000 after acquiring an additional 50,561 shares during the last quarter.

About SPDR S&P International Dividend ETF

SPDR S&P International Dividend ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the S&P International Dividend Opportunities Index (the Index). The Index is designed to measure the performance of the 100 highest dividend-yielding common stocks and American depository receipts (ADRs) listed in primary exchanges of countries included in the S&P/Citigroup Broad Market Index. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.