SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Reaches New 1-Year High – Here’s Why

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) shares hit a new 52-week high during trading on Friday . The company traded as high as $44.95 and last traded at $44.93, with a volume of 4651099 shares traded. The stock had previously closed at $44.41.

SPDR Portfolio Developed World ex-US ETF Stock Up 1.2%

The company has a market capitalization of $32.75 billion, a P/E ratio of 16.12 and a beta of 0.88. The business has a 50 day simple moving average of $43.91 and a 200-day simple moving average of $42.44.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC raised its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 1,427.5% during the second quarter. Sound Income Strategies LLC now owns 611 shares of the company’s stock valued at $25,000 after buying an additional 571 shares during the last quarter. Rossby Financial LCC increased its position in SPDR Portfolio Developed World ex-US ETF by 166.0% in 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 period. GGM Financials LLC acquired a new stake in SPDR Portfolio Developed World ex-US ETF in the 3rd quarter valued at approximately $26,000. Financial Consulate Inc. bought a new stake in SPDR Portfolio Developed World ex-US ETF during the 3rd quarter valued at $27,000. Finally, Compass Financial Services Inc acquired a new position in SPDR Portfolio Developed World ex-US ETF during the 1st quarter worth $28,000.

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.