SPDR Portfolio Developed World ex-US ETF $SPDW Stock: Summit Global Investments Raises Stake

Summit Global Investments lifted its stake in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 6.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 374,245 shares of the company’s stock after purchasing an additional 22,023 shares during the quarter. SPDR Portfolio Developed World ex-US ETF accounts for approximately 0.9% of Summit Global Investments’ holdings, making the stock its 12th biggest position. Summit Global Investments’ holdings in SPDR Portfolio Developed World ex-US ETF were worth $18,791,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Horizons Wealth Management bought a new position in SPDR Portfolio Developed World ex-US ETF in the 3rd quarter worth about $25,000. Hanson & Doremus Investment Management purchased a new position in SPDR Portfolio Developed World ex-US ETF in the third quarter worth about $26,000. TD Waterhouse Canada Inc. purchased a new position in SPDR Portfolio Developed World ex-US ETF in the second quarter worth about $27,000. Laurel Wealth Advisors LLC bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the third quarter worth approximately $37,000. Finally, GK Wealth Management LLC bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the third quarter worth approximately $40,000.

SPDR Portfolio Developed World ex-US ETF Stock Performance

Shares of NYSEARCA SPDW opened at $49.35 on Friday. The firm’s 50 day moving average price is $50.64 and its 200-day moving average price is $49.34. SPDR Portfolio Developed World ex-US ETF has a 52-week low of $41.99 and a 52-week high of $52.43. The company has a market cap of $40.88 billion, a PE ratio of 16.12 and a beta of 0.85.

SPDR Portfolio Developed World ex-US ETF 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.