SPDR S&P International Dividend ETF (NYSEARCA:DWX) Sees Large Volume Increase – Still a Buy?

SPDR S&P International Dividend ETF (NYSEARCA:DWX) shares saw unusually-high trading volume on Wednesday . Approximately 93,842 shares traded hands during trading, an increase of 309% from the previous session’s volume of 22,920 shares.The stock last traded at $47.3470 and had previously closed at $47.40.

SPDR S&P International Dividend ETF Stock Performance

The company has a market capitalization of $524.12 million, a price-to-earnings ratio of 17.89 and a beta of 0.52. The firm has a 50-day simple moving average of $47.65 and a two-hundred day simple moving average of $46.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. WealthPoint Financial LLC increased its stake in SPDR S&P International Dividend ETF by 19.9% during the 1st quarter. WealthPoint Financial LLC now owns 7,932 shares of the company’s stock worth $362,000 after buying an additional 1,318 shares during the period. Centaurus Financial Inc. purchased a new position in SPDR S&P International Dividend ETF in the 1st quarter valued at approximately $107,000. PNC Financial Services Group Inc. boosted its position in SPDR S&P International Dividend ETF by 18.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,370 shares of the company’s stock valued at $108,000 after buying an additional 377 shares during the period. Milestone Investment Advisors LLC grew its stake in shares of SPDR S&P International Dividend ETF by 104.4% in the first quarter. Milestone Investment Advisors LLC now owns 4,805 shares of the company’s stock worth $219,000 after acquiring an additional 2,454 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its stake in shares of SPDR S&P International Dividend ETF by 1.6% in the first quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 220,321 shares of the company’s stock worth $10,047,000 after acquiring an additional 3,402 shares in the last quarter.

About SPDR S&P International Dividend ETF

SPDR S&P International Dividend ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the S&P International Dividend Opportunities Index (the Index). The Index is designed to measure the performance of the 100 highest dividend-yielding common stocks and American depository receipts (ADRs) listed in primary exchanges of countries included in the S&P/Citigroup Broad Market Index. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.