SPDR S&P International Small Cap ETF (NYSEARCA:GWX) Sees Strong Trading Volume – Still a Buy?

SPDR S&P International Small Cap ETF (NYSEARCA:GWX) shares saw strong trading volume on Friday . 51,405 shares changed hands during mid-day trading, a decline of 7% from the previous session’s volume of 55,353 shares.The stock last traded at $41.0750 and had previously closed at $40.55.

SPDR S&P International Small Cap ETF Stock Up 0.7%

The company’s fifty day moving average price is $40.05 and its 200 day moving average price is $38.92. The company has a market capitalization of $806.74 million, a P/E ratio of 14.22 and a beta of 0.88.

Hedge Funds Weigh In On SPDR S&P International Small Cap ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB grew its holdings in shares of SPDR S&P International Small Cap ETF by 10.7% during the 3rd quarter. Wilmington Savings Fund Society FSB now owns 527,781 shares of the company’s stock worth $21,206,000 after purchasing an additional 51,104 shares in the last quarter. Triumph Capital Management acquired a new position in SPDR S&P International Small Cap ETF in the third quarter valued at about $125,000. Mercer Global Advisors Inc. ADV bought a new stake in SPDR S&P International Small Cap ETF during the third quarter worth about $255,000. Focus Partners Wealth grew its stake in SPDR S&P International Small Cap ETF by 33.8% during the third quarter. Focus Partners Wealth now owns 16,551 shares of the company’s stock worth $665,000 after buying an additional 4,180 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new position in SPDR S&P International Small Cap ETF during the third quarter valued at approximately $4,217,000.

About SPDR S&P International Small Cap ETF

SPDR S&P International Small Cap ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Developed Ex-U.S. Under USD2 Billion Index (the Index), an equity index based upon the world (excluding the United States) small-cap composite market. 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.