SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Sets New 1-Year High – Here’s Why

Shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) reached a new 52-week high during trading on Thursday . The company traded as high as $49.92 and last traded at $49.87, with a volume of 4154138 shares traded. The stock had previously closed at $49.35.

SPDR Portfolio Developed World ex-US ETF Stock Performance

The business’s 50 day moving average price is $46.69 and its two-hundred day moving average price is $44.28. The company has a market capitalization of $38.12 billion, a price-to-earnings ratio of 16.12 and a beta of 0.88.

Hedge Funds Weigh In On SPDR Portfolio Developed World ex-US ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its stake in shares of SPDR Portfolio Developed World ex-US ETF by 13.2% in the 3rd quarter. Creative Planning now owns 112,764,556 shares of the company’s stock worth $4,825,195,000 after buying an additional 13,128,208 shares in the last quarter. LPL Financial LLC boosted its stake in SPDR Portfolio Developed World ex-US ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 37,343,862 shares of the company’s stock valued at $1,658,441,000 after buying an additional 3,292,815 shares in the last quarter. Allworth Financial LP grew its holdings in SPDR Portfolio Developed World ex-US ETF by 1.0% during the second quarter. Allworth Financial LP now owns 31,953,401 shares of the company’s stock worth $1,293,793,000 after acquiring an additional 306,738 shares during the period. Auto Owners Insurance Co raised its position in SPDR Portfolio Developed World ex-US ETF by 240.8% in the second quarter. Auto Owners Insurance Co now owns 17,576,000 shares of the company’s stock worth $711,652,000 after acquiring an additional 12,419,000 shares in the last quarter. Finally, CWM LLC lifted its holdings in SPDR Portfolio Developed World ex-US ETF by 6.1% in the 4th quarter. CWM LLC now owns 15,520,557 shares of the company’s stock valued at $689,268,000 after acquiring an additional 886,729 shares during the last quarter.

SPDR Portfolio Developed World ex-US ETF Company Profile

SPDR S&P World ex US ETF (the Fund) seeks to replicate as closely as possible total return performance of the S&P/Citigroup BMI World Ex US Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in developed countries outside the United States. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.