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

Shares of SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) reached a new 52-week high on Monday . The stock traded as high as $70.57 and last traded at $70.51, with a volume of 22249 shares traded. The stock had previously closed at $69.60.

SPDR S&P Emerging Markets SmallCap ETF Trading Up 1.6%

The company has a 50-day moving average price of $67.55 and a two-hundred day moving average price of $67.00. The stock has a market capitalization of $749.63 million, a P/E ratio of 16.20 and a beta of 0.59.

Institutional Trading of SPDR S&P Emerging Markets SmallCap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EWX. Assetmark Inc. increased its position in SPDR S&P Emerging Markets SmallCap ETF by 2,248,090.0% in the 4th quarter. Assetmark Inc. now owns 449,638 shares of the company’s stock valued at $29,522,000 after buying an additional 449,618 shares in the last quarter. 3EDGE Asset Management LP increased its position in SPDR S&P Emerging Markets SmallCap ETF by 339.5% in the 3rd quarter. 3EDGE Asset Management LP now owns 111,753 shares of the company’s stock valued at $7,476,000 after buying an additional 86,328 shares in the last quarter. Welch Financial Planning LLC bought a new stake in SPDR S&P Emerging Markets SmallCap ETF in the 4th quarter valued at about $5,393,000. NTV Asset Management LLC bought a new stake in SPDR S&P Emerging Markets SmallCap ETF in the 4th quarter valued at about $2,144,000. Finally, Focus Partners Advisor Solutions LLC bought a new stake in SPDR S&P Emerging Markets SmallCap ETF in the 4th quarter valued at about $1,977,000.

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.