SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Sees Large Volume Increase – Still a Buy?

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) saw unusually-strong trading volume on Wednesday . Approximately 4,235,609 shares traded hands during mid-day trading, an increase of 5% from the previous session’s volume of 4,015,183 shares.The stock last traded at $36.13 and had previously closed at $36.24.

SPDR Portfolio Developed World ex-US ETF Stock Performance

The stock has a market capitalization of $20.49 billion, a price-to-earnings ratio of 14.67 and a beta of 0.88. The firm’s 50 day moving average is $35.08 and its 200-day moving average is $35.77.

Institutional Trading of SPDR Portfolio Developed World ex-US ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. AQR Capital Management LLC purchased a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the 2nd quarter valued at approximately $282,000. Occidental Asset Management LLC lifted its position in SPDR Portfolio Developed World ex-US ETF by 3.5% in the third quarter. Occidental Asset Management LLC now owns 101,445 shares of the company’s stock valued at $3,810,000 after purchasing an additional 3,468 shares during the period. Norway Savings Bank increased its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 5.2% in the 3rd quarter. Norway Savings Bank now owns 99,157 shares of the company’s stock valued at $3,724,000 after purchasing an additional 4,866 shares in the last quarter. Zhang Financial LLC lifted its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 19.5% in the third quarter. Zhang Financial LLC now owns 33,465 shares of the company’s stock valued at $1,257,000 after purchasing an additional 5,462 shares in the last quarter. Finally, Cabot Wealth Management Inc. increased its stake in SPDR Portfolio Developed World ex-US ETF by 2.7% in the third quarter. Cabot Wealth Management Inc. now owns 69,429 shares of the company’s stock valued at $2,608,000 after purchasing an additional 1,849 shares during the last quarter.

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.