SPDR S&P International Dividend ETF (NYSEARCA:DWX) Trading Down 0.6% – Here’s Why

SPDR S&P International Dividend ETF (NYSEARCA:DWX)’s stock price traded down 0.6% on Friday . The company traded as low as $47.73 and last traded at $47.73. 12,595 shares traded hands during mid-day trading, a decline of 46% from the average session volume of 23,375 shares. The stock had previously closed at $48.04.

SPDR S&P International Dividend ETF Stock Performance

The company has a market capitalization of $527.42 million, a P/E ratio of 17.89 and a beta of 0.52. The company’s fifty day simple moving average is $47.22 and its 200-day simple moving average is $46.84.

Hedge Funds Weigh In On SPDR S&P International Dividend ETF

A number of hedge funds and other institutional investors have recently modified their holdings of DWX. Bank of America Corp DE increased its holdings in SPDR S&P International Dividend ETF by 1.0% during the third quarter. Bank of America Corp DE now owns 718,349 shares of the company’s stock valued at $30,674,000 after buying an additional 6,991 shares during the period. Wells Fargo & Company MN lifted its holdings in SPDR S&P International Dividend ETF by 2.7% during the fourth quarter. Wells Fargo & Company MN now owns 635,342 shares of the company’s stock worth $27,914,000 after buying an additional 16,646 shares during the period. UBS Group AG boosted its position in SPDR S&P International Dividend ETF by 10.9% during the 4th quarter. UBS Group AG now owns 459,622 shares of the company’s stock valued at $20,193,000 after acquiring an additional 45,186 shares in the last quarter. Columbia River Financial Group LLC boosted its position in SPDR S&P International Dividend ETF by 3.1% during the 4th quarter. Columbia River Financial Group LLC now owns 281,007 shares of the company’s stock valued at $12,346,000 after acquiring an additional 8,408 shares in the last quarter. Finally, Baker Avenue Asset Management LP increased its holdings in shares of SPDR S&P International Dividend ETF by 7.7% in the 4th quarter. Baker Avenue Asset Management LP now owns 246,657 shares of the company’s stock valued at $10,837,000 after acquiring an additional 17,635 shares during the period.

About SPDR S&P International Dividend ETF

SPDR S&P International Dividend ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the S&P International Dividend Opportunities Index (the Index). The Index is designed to measure the performance of the 100 highest dividend-yielding common stocks and American depository receipts (ADRs) listed in primary exchanges of countries included in the S&P/Citigroup Broad Market Index. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.