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

SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $69.88 and last traded at $69.48, with a volume of 21488 shares trading hands. The stock had previously closed at $69.67.

SPDR S&P Emerging Markets SmallCap ETF Stock Down 0.3%

The business’s fifty day moving average is $67.43 and its two-hundred day moving average is $66.86. The stock has a market capitalization of $785.12 million, a PE ratio of 16.20 and a beta of 0.64.

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

A number of hedge funds have recently added to or reduced their stakes in EWX. Waddell & Associates LLC increased its position in SPDR S&P Emerging Markets SmallCap ETF by 3.2% during the 3rd quarter. Waddell & Associates LLC now owns 647,051 shares of the company’s stock valued at $43,540,000 after purchasing an additional 19,913 shares during the period. Assetmark Inc. lifted its stake in shares of SPDR S&P Emerging Markets SmallCap ETF by 2,248,090.0% during the fourth quarter. Assetmark Inc. now owns 449,638 shares of the company’s stock worth $29,522,000 after buying an additional 449,618 shares during the period. Mariner LLC raised its stake in shares of SPDR S&P Emerging Markets SmallCap ETF by 0.9% in the fourth quarter. Mariner LLC now owns 306,107 shares of the company’s stock worth $20,098,000 after purchasing an additional 2,843 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of SPDR S&P Emerging Markets SmallCap ETF by 3.9% during the fourth quarter. Wells Fargo & Company MN now owns 226,279 shares of the company’s stock worth $14,857,000 after purchasing an additional 8,581 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in shares of SPDR S&P Emerging Markets SmallCap ETF by 0.8% in the third quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 195,658 shares of the company’s stock worth $13,166,000 after buying an additional 1,617 shares during the last quarter.

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.