SPDR S&P International Small Cap ETF (NYSEARCA:GWX) Sees Large Volume Increase – Time to Buy?

Shares of SPDR S&P International Small Cap ETF (NYSEARCA:GWX) saw an uptick in trading volume on Monday . Approximately 30,771 shares were traded during mid-day trading, a decline of 51% from the previous session’s volume of 63,421 shares.The stock last traded at $46.68 and had previously closed at $46.91.

SPDR S&P International Small Cap ETF Trading Down 0.4%

The firm’s 50-day moving average price is $44.45 and its 200-day moving average price is $44.69. The stock has a market capitalization of $928.20 million, a PE ratio of 14.22 and a beta of 0.86.

Institutional Investors Weigh In On SPDR S&P International Small Cap ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Orion Porfolio Solutions LLC increased its position in SPDR S&P International Small Cap ETF by 1,491.5% during the second quarter. Orion Porfolio Solutions LLC now owns 467,240 shares of the company’s stock valued at $17,372,000 after acquiring an additional 437,881 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of SPDR S&P International Small Cap ETF in the 3rd quarter worth about $4,217,000. Wellington Management Group LLP lifted its holdings in shares of SPDR S&P International Small Cap ETF by 566.0% in the 4th quarter. Wellington Management Group LLP now owns 52,984 shares of the company’s stock worth $2,165,000 after acquiring an additional 45,028 shares during the last quarter. Gibbs Wealth Management purchased a new position in shares of SPDR S&P International Small Cap ETF during the 1st quarter worth about $1,615,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of SPDR S&P International Small Cap ETF during the 1st quarter worth about $1,167,000.

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. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation.