SPDR S&P International Small Cap ETF (NYSEARCA:GWX) Sees Strong Trading Volume – Still a Buy?

SPDR S&P International Small Cap ETF (NYSEARCA:GWX) saw unusually-high trading volume on Monday . Approximately 59,248 shares changed hands during trading, an increase of 9% from the previous session’s volume of 54,547 shares.The stock last traded at $38.9410 and had previously closed at $38.27.

SPDR S&P International Small Cap ETF Stock Performance

The stock has a fifty day simple moving average of $40.01 and a 200 day simple moving average of $38.22. The firm has a market cap of $765.58 million, a P/E ratio of 14.22 and a beta of 0.88.

Hedge Funds Weigh In On SPDR S&P International Small Cap ETF

A number of hedge funds have recently bought and sold shares of GWX. Savant Capital LLC raised its holdings in shares of SPDR S&P International Small Cap ETF by 409.5% during the second quarter. Savant Capital LLC now owns 355,037 shares of the company’s stock valued at $13,200,000 after purchasing an additional 285,352 shares during the last quarter. HighTower Advisors LLC grew its position in SPDR S&P International Small Cap ETF by 7.1% in the 1st quarter. HighTower Advisors LLC now owns 39,660 shares of the company’s stock worth $1,268,000 after purchasing an additional 2,634 shares during the period. Goldman Sachs Group Inc. purchased a new stake in SPDR S&P International Small Cap ETF during the 1st quarter valued at $1,167,000. Belpointe Asset Management LLC lifted its holdings in shares of SPDR S&P International Small Cap ETF by 161.4% during the 1st quarter. Belpointe Asset Management LLC now owns 16,567 shares of the company’s stock valued at $529,000 after buying an additional 10,230 shares during the period. Finally, Financial Management Network Inc. bought a new position in shares of SPDR S&P International Small Cap ETF during the 2nd quarter valued at $240,000.

About SPDR S&P International Small Cap ETF

SPDR S&P International Small Cap ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Developed Ex-U.S. Under USD2 Billion Index (the Index), an equity index based upon the world (excluding the United States) small-cap composite market. 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.