SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) Sets New 12-Month High – Still a Buy?

SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $69.62 and last traded at $69.5070, with a volume of 15150 shares traded. The stock had previously closed at $69.04.

SPDR S&P Emerging Markets SmallCap ETF Stock Performance

The stock’s 50 day simple moving average is $67.14 and its 200-day simple moving average is $66.70. The firm has a market cap of $784.17 million, a price-to-earnings ratio of 16.20 and a beta of 0.64.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of Montreal Can grew its stake in SPDR S&P Emerging Markets SmallCap ETF by 19.5% during the 4th quarter. Bank of Montreal Can now owns 999 shares of the company’s stock valued at $66,000 after purchasing an additional 163 shares during the last quarter. Smith Moore & CO. raised its stake in shares of SPDR S&P Emerging Markets SmallCap ETF by 1.1% in the third quarter. Smith Moore & CO. now owns 16,013 shares of the company’s stock worth $1,078,000 after purchasing an additional 170 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in SPDR S&P Emerging Markets SmallCap ETF by 3.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 5,272 shares of the company’s stock valued at $327,000 after buying an additional 176 shares during the last quarter. Texas Yale Capital Corp. boosted its position in SPDR S&P Emerging Markets SmallCap ETF by 0.5% in the second quarter. Texas Yale Capital Corp. now owns 35,229 shares of the company’s stock valued at $2,185,000 after buying an additional 192 shares during the last quarter. Finally, Shore Point Advisors LLC lifted its stake in SPDR S&P Emerging Markets SmallCap ETF by 3.2% during the 4th quarter. Shore Point Advisors LLC now owns 6,362 shares of the company’s stock valued at $418,000 after acquiring an additional 195 shares during the period.

SPDR S&P Emerging Markets SmallCap ETF Company Profile

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.