SPDR Portfolio Developed World ex-US ETF $SPDW is Summit Global Investments’ 8th Largest Position

Summit Global Investments lifted its holdings in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 16.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 741,627 shares of the company’s stock after buying an additional 106,031 shares during the quarter. SPDR Portfolio Developed World ex-US ETF comprises approximately 1.9% of Summit Global Investments’ portfolio, making the stock its 8th largest holding. Summit Global Investments’ holdings in SPDR Portfolio Developed World ex-US ETF were worth $31,734,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Creative Planning raised its position in SPDR Portfolio Developed World ex-US ETF by 15.0% in the second quarter. Creative Planning now owns 99,636,348 shares of the company’s stock valued at $4,034,276,000 after purchasing an additional 13,016,546 shares during the period. Auto Owners Insurance Co raised its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 240.8% during the 2nd quarter. Auto Owners Insurance Co now owns 17,576,000 shares of the company’s stock valued at $711,652,000 after buying an additional 12,419,000 shares during the period. Vantagepoint Investment Advisers LLC acquired a new position in SPDR Portfolio Developed World ex-US ETF during the 3rd quarter worth approximately $279,072,000. Benjamin Edwards Inc. purchased a new position in SPDR Portfolio Developed World ex-US ETF in the 2nd quarter worth approximately $124,021,000. Finally, Betterment LLC grew its position in SPDR Portfolio Developed World ex-US ETF by 24.8% in the second quarter. Betterment LLC now owns 7,726,859 shares of the company’s stock valued at $312,861,000 after acquiring an additional 1,535,351 shares in the last quarter.

SPDR Portfolio Developed World ex-US ETF Trading Up 0.6%

Shares of SPDW stock opened at $47.64 on Friday. The firm has a fifty day simple moving average of $44.99 and a 200-day simple moving average of $43.22. The company has a market capitalization of $36.41 billion, a PE ratio of 16.12 and a beta of 0.88. SPDR Portfolio Developed World ex-US ETF has a twelve month low of $32.30 and a twelve month high of $47.86.

SPDR Portfolio Developed World ex-US ETF 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.