SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Reaches New 52-Week High – Still a Buy?

SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $51.19 and last traded at $51.19, with a volume of 63864 shares. The stock had previously closed at $50.21.

SPDR Portfolio Developed World ex-US ETF Stock Down 0.6%

The stock has a market capitalization of $40.59 billion, a price-to-earnings ratio of 16.12 and a beta of 0.83. The business’s 50 day simple moving average is $48.10 and its 200-day simple moving average is $46.65.

Institutional Investors Weigh In On SPDR Portfolio Developed World ex-US ETF

A number of large investors have recently bought and sold shares of SPDW. AQR Capital Management LLC grew its stake in SPDR Portfolio Developed World ex-US ETF by 13.1% during the first quarter. AQR Capital Management LLC now owns 39,917 shares of the company’s stock worth $1,453,000 after buying an additional 4,638 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in SPDR Portfolio Developed World ex-US ETF by 85.4% during the first quarter. Goldman Sachs Group Inc. now owns 450,862 shares of the company’s stock worth $16,416,000 after buying an additional 207,712 shares in the last quarter. Russell Investments Group Ltd. grew its stake in SPDR Portfolio Developed World ex-US ETF by 5,537.3% during the second quarter. Russell Investments Group Ltd. now owns 4,679 shares of the company’s stock worth $189,000 after buying an additional 4,596 shares in the last quarter. Squarepoint Ops LLC acquired a new stake in SPDR Portfolio Developed World ex-US ETF during the second quarter worth about $1,802,000. Finally, Main Street Financial Solutions LLC grew its stake in SPDR Portfolio Developed World ex-US ETF by 95.3% during the second quarter. Main Street Financial Solutions LLC now owns 10,769 shares of the company’s stock worth $436,000 after buying an additional 5,255 shares in the last quarter.

About SPDR Portfolio Developed World ex-US ETF

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. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.