SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) Sets New 12-Month High – Time to Buy?

Shares of SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) reached a new 52-week high on Wednesday . The stock traded as high as $74.03 and last traded at $73.88, with a volume of 2546 shares. The stock had previously closed at $72.78.

SPDR S&P Emerging Markets SmallCap ETF Price Performance

The firm has a 50-day moving average of $68.10 and a 200 day moving average of $67.24. The company has a market capitalization of $753.58 million, a PE ratio of 16.20 and a beta of 0.59.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can lifted its position in SPDR S&P Emerging Markets SmallCap ETF by 19.5% during the fourth quarter. Bank of Montreal Can now owns 999 shares of the company’s stock valued at $66,000 after purchasing an additional 163 shares during the period. Smith Moore & CO. raised its stake in SPDR S&P Emerging Markets SmallCap ETF by 1.1% during the 3rd quarter. Smith Moore & CO. now owns 16,013 shares of the company’s stock valued at $1,078,000 after buying an additional 170 shares during the last quarter. Shore Point Advisors LLC lifted its holdings in shares of SPDR S&P Emerging Markets SmallCap ETF by 3.2% during the 4th quarter. Shore Point Advisors LLC now owns 6,362 shares of the company’s stock valued at $418,000 after buying an additional 195 shares during the period. Spire Wealth Management boosted its stake in shares of SPDR S&P Emerging Markets SmallCap ETF by 1.6% in the 3rd quarter. Spire Wealth Management now owns 13,944 shares of the company’s stock worth $938,000 after buying an additional 224 shares during the last quarter. Finally, Focus Partners Wealth grew its holdings in shares of SPDR S&P Emerging Markets SmallCap ETF by 3.5% in the third quarter. Focus Partners Wealth now owns 6,626 shares of the company’s stock worth $446,000 after acquiring an additional 225 shares during the period.

About SPDR S&P Emerging Markets SmallCap ETF

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.