SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Hits New 1-Year High – Should You Buy?

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) shares reached a new 52-week high on Tuesday . The stock traded as high as $47.11 and last traded at $46.92, with a volume of 3954747 shares trading hands. The stock had previously closed at $46.74.

SPDR Portfolio Developed World ex-US ETF Stock Performance

The company has a market capitalization of $36.18 billion, a P/E ratio of 16.12 and a beta of 0.88. The business’s fifty day simple moving average is $44.87 and its 200-day simple moving average is $43.19.

Institutional Investors Weigh In On SPDR Portfolio Developed World ex-US ETF

A number of hedge funds have recently made changes to their positions in SPDW. Sound Income Strategies LLC increased its stake in SPDR Portfolio Developed World ex-US ETF by 1,427.5% in the 2nd quarter. Sound Income Strategies LLC now owns 611 shares of the company’s stock worth $25,000 after acquiring an additional 571 shares during the last quarter. Rossby Financial LCC boosted its position in shares of SPDR Portfolio Developed World ex-US ETF by 166.0% during the 3rd quarter. Rossby Financial LCC now owns 572 shares of the company’s stock valued at $25,000 after acquiring an additional 357 shares during the last quarter. GGM Financials LLC purchased a new position in shares of SPDR Portfolio Developed World ex-US ETF in the third quarter valued at $26,000. Financial Consulate Inc. purchased a new position in shares of SPDR Portfolio Developed World ex-US ETF in the third quarter valued at $27,000. Finally, Albion Financial Group UT bought a new stake in SPDR Portfolio Developed World ex-US ETF in the fourth quarter worth $29,000.

About SPDR Portfolio Developed World ex-US ETF

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.