SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) Hits New 1-Year High – Here’s Why

SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) hit a new 52-week high on Wednesday . The stock traded as high as $69.44 and last traded at $69.29, with a volume of 11042 shares. The stock had previously closed at $69.00.

SPDR S&P Emerging Markets SmallCap ETF Stock Up 0.5%

The stock has a market capitalization of $783.88 million, a PE ratio of 16.20 and a beta of 0.64. The stock’s 50 day moving average price is $66.81 and its 200-day moving average price is $66.49.

Hedge Funds Weigh In On SPDR S&P Emerging Markets SmallCap ETF

Hedge funds have recently added to or reduced their stakes in the stock. Waddell & Associates LLC raised its stake in shares of SPDR S&P Emerging Markets SmallCap ETF by 3.2% during the third quarter. Waddell & Associates LLC now owns 647,051 shares of the company’s stock valued at $43,540,000 after acquiring an additional 19,913 shares in the last quarter. Assetmark Inc. increased its holdings in SPDR S&P Emerging Markets SmallCap ETF by 2,248,090.0% during the 4th quarter. Assetmark Inc. now owns 449,638 shares of the company’s stock worth $29,522,000 after purchasing an additional 449,618 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of SPDR S&P Emerging Markets SmallCap ETF by 0.8% during the 3rd quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 195,658 shares of the company’s stock worth $13,166,000 after buying an additional 1,617 shares in the last quarter. Apella Capital LLC raised its holdings in shares of SPDR S&P Emerging Markets SmallCap ETF by 7.0% in the fourth quarter. Apella Capital LLC now owns 122,591 shares of the company’s stock valued at $8,049,000 after acquiring an additional 8,065 shares in the last quarter. Finally, 3EDGE Asset Management LP grew its holdings in SPDR S&P Emerging Markets SmallCap ETF by 339.5% during the 3rd quarter. 3EDGE Asset Management LP now owns 111,753 shares of the company’s stock worth $7,476,000 after acquiring an additional 86,328 shares in the last quarter.

About SPDR S&P Emerging Markets SmallCap ETF

SPDR S&P Emerging Markets Small Cap ETF (the Fund) seeks to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index (the Index). The Index is a float-adjusted, market-cap weighted index that represents the small-capitalization segment of emerging countries included in the S&P Global BMI Index. The Global BMI Index captures the full universe of institutionally investable stocks in developed and emerging markets with float-adjusted market capitalizations of at least $100 million.