SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Reaches New 52-Week High – Time to Buy?

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as $51.19 and last traded at $51.19, with a volume of 63864 shares changing hands. The stock had previously closed at $50.21.

SPDR Portfolio Developed World ex-US ETF Stock Up 1.6%

The firm has a fifty day moving average price of $47.89 and a two-hundred day moving average price of $46.54. The stock has a market capitalization of $40.73 billion, a P/E ratio of 16.12 and a beta of 0.83.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Auto Owners Insurance Co raised its position in SPDR Portfolio Developed World ex-US ETF by 5,626.0% in the 4th quarter. Auto Owners Insurance Co now owns 872,108,747 shares of the company’s stock worth $38,730,349,000 after buying an additional 856,878,081 shares during the last quarter. Creative Planning boosted its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 13.2% during the 3rd quarter. Creative Planning now owns 112,764,556 shares of the company’s stock valued at $4,825,195,000 after acquiring an additional 13,128,208 shares during the last quarter. LPL Financial LLC boosted its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 9.7% during the 4th quarter. LPL Financial LLC now owns 37,343,862 shares of the company’s stock valued at $1,658,441,000 after acquiring an additional 3,292,815 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 0.3% during the 4th quarter. Allworth Financial LP now owns 29,790,838 shares of the company’s stock valued at $1,323,011,000 after acquiring an additional 90,865 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 6.1% during 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.

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.