SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Sets New 12-Month High – Time to Buy?

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $47.11 and last traded at $46.92, with a volume of 3954747 shares. The stock had previously closed at $46.74.

SPDR Portfolio Developed World ex-US ETF Stock Up 0.4%

The stock has a market cap of $35.86 billion, a PE ratio of 16.12 and a beta of 0.88. The stock’s fifty day moving average price is $44.68 and its 200 day moving average price is $43.11.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Investment Partners LTD. bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the second quarter worth $2,023,000. Total Clarity Wealth Management Inc. purchased a new position in SPDR Portfolio Developed World ex-US ETF in the second quarter worth about $3,605,000. Astoria Portfolio Advisors LLC. grew its stake in shares of SPDR Portfolio Developed World ex-US ETF by 61.8% during the 2nd quarter. Astoria Portfolio Advisors LLC. now owns 397,532 shares of the company’s stock valued at $16,414,000 after purchasing an additional 151,874 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the 3rd quarter valued at about $14,815,000. Finally, Bristlecone Advisors LLC increased its position in shares of SPDR Portfolio Developed World ex-US ETF by 2.5% during the 3rd quarter. Bristlecone Advisors LLC now owns 976,872 shares of the company’s stock valued at $41,800,000 after purchasing an additional 23,812 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.