SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) Hits New 1-Year High – Time to Buy?

SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $37.23 and last traded at $37.2360, with a volume of 53373 shares. The stock had previously closed at $37.03.

SPDR MSCI ACWI ex-US ETF Price Performance

The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 16.06 and a beta of 0.78. The business has a fifty day moving average of $35.59 and a 200 day moving average of $34.52.

Hedge Funds Weigh In On SPDR MSCI ACWI ex-US ETF

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE raised its holdings in SPDR MSCI ACWI ex-US ETF by 4.4% in the 3rd quarter. Bank of America Corp DE now owns 8,197,847 shares of the company’s stock valued at $286,269,000 after buying an additional 342,683 shares during the period. PNC Financial Services Group Inc. increased its position in shares of SPDR MSCI ACWI ex-US ETF by 5.0% during the third quarter. PNC Financial Services Group Inc. now owns 4,039,124 shares of the company’s stock valued at $141,046,000 after acquiring an additional 190,995 shares during the last quarter. Merit Financial Group LLC raised its stake in shares of SPDR MSCI ACWI ex-US ETF by 911.3% in the 3rd quarter. Merit Financial Group LLC now owns 2,795,644 shares of the company’s stock valued at $97,624,000 after acquiring an additional 2,519,202 shares during the period. HighTower Advisors LLC lifted its holdings in shares of SPDR MSCI ACWI ex-US ETF by 4.1% in the 3rd quarter. HighTower Advisors LLC now owns 1,721,031 shares of the company’s stock worth $60,098,000 after acquiring an additional 68,484 shares during the last quarter. Finally, Hengehold Capital Management LLC lifted its holdings in shares of SPDR MSCI ACWI ex-US ETF by 1.4% in the 3rd quarter. Hengehold Capital Management LLC now owns 1,156,950 shares of the company’s stock worth $40,401,000 after acquiring an additional 16,159 shares during the last quarter.

About SPDR MSCI ACWI ex-US ETF

SPDR MSCI ACWI ex-US ETF (the Fund) seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWI ex USA Index (the Index). The Index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The Fund’s investment advisor is SSgA Funds Management, Inc