SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Reaches New 12-Month High – Here’s Why

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)’s share price hit a new 52-week high on Monday . The company traded as high as $51.92 and last traded at $51.73, with a volume of 82013 shares trading hands. The stock had previously closed at $51.01.

SPDR Portfolio Developed World ex-US ETF Price Performance

The stock has a market cap of $41.31 billion, a price-to-earnings ratio of 16.12 and a beta of 0.83. The business’s 50-day simple moving average is $49.37 and its two-hundred day simple moving average is $47.27.

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

Hedge funds have recently modified their holdings of the business. Advyzon Investment Management LLC lifted its stake in SPDR Portfolio Developed World ex-US ETF by 5.8% in the 3rd quarter. Advyzon Investment Management LLC now owns 342,208 shares of the company’s stock worth $14,643,000 after purchasing an additional 18,903 shares in the last quarter. Diversify Advisory Services LLC lifted its stake in SPDR Portfolio Developed World ex-US ETF by 14.4% in the 3rd quarter. Diversify Advisory Services LLC now owns 371,337 shares of the company’s stock worth $16,201,000 after purchasing an additional 46,638 shares in the last quarter. Capital Asset Advisory Services LLC lifted its stake in SPDR Portfolio Developed World ex-US ETF by 1.6% in the 4th quarter. Capital Asset Advisory Services LLC now owns 1,982,606 shares of the company’s stock worth $90,407,000 after purchasing an additional 32,025 shares in the last quarter. First Heartland Consultants Inc. lifted its stake in SPDR Portfolio Developed World ex-US ETF by 4.4% in the 3rd quarter. First Heartland Consultants Inc. now owns 573,288 shares of the company’s stock worth $24,531,000 after purchasing an additional 24,160 shares in the last quarter. Finally, Confluence Investment Management LLC lifted its stake in SPDR Portfolio Developed World ex-US ETF by 11.1% in the 4th quarter. Confluence Investment Management LLC now owns 1,637,282 shares of the company’s stock worth $72,712,000 after purchasing an additional 162,932 shares in the last quarter.

SPDR Portfolio Developed World ex-US ETF Company 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.