SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Hits New 52-Week High – Still a Buy?

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $50.53 and last traded at $50.41, with a volume of 4500241 shares changing hands. The stock had previously closed at $50.41.

SPDR Portfolio Developed World ex-US ETF Stock Up 0.9%

The stock has a market capitalization of $40.13 billion, a price-to-earnings ratio of 16.12 and a beta of 0.83. The company has a 50 day moving average of $47.42 and a 200 day moving average of $46.19.

Institutional Investors Weigh In On SPDR Portfolio Developed World ex-US ETF

A number of institutional investors have recently bought and sold shares of the stock. Gibbs Wealth Management grew its holdings in SPDR Portfolio Developed World ex-US ETF by 126.7% in the first quarter. Gibbs Wealth Management now owns 715,139 shares of the company’s stock valued at $32,646,000 after purchasing an additional 399,621 shares during the period. Lido Advisors LLC acquired a new position in SPDR Portfolio Developed World ex-US ETF in the first quarter valued at $200,000. Cetera Investment Advisers boosted its holdings in SPDR Portfolio Developed World ex-US ETF by 5.0% in the first quarter. Cetera Investment Advisers now owns 2,259,941 shares of the company’s stock valued at $103,166,000 after acquiring an additional 108,548 shares during the last quarter. Clearwater Capital Advisors LLC boosted its holdings in SPDR Portfolio Developed World ex-US ETF by 2.1% in the first quarter. Clearwater Capital Advisors LLC now owns 1,126,738 shares of the company’s stock valued at $51,436,000 after acquiring an additional 23,539 shares during the last quarter. Finally, Signature Equity Partners LLC acquired a new position in SPDR Portfolio Developed World ex-US ETF in the first quarter valued at $129,000.

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.