SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) Hits New 12-Month High – Here’s Why

Shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $45.77 and last traded at $45.7530, with a volume of 906 shares changing hands. The stock had previously closed at $45.47.

SPDR Portfolio Developed World ex-US ETF Price Performance

The stock’s fifty day simple moving average is $44.04 and its two-hundred day simple moving average is $42.57. The company has a market capitalization of $34.43 billion, a price-to-earnings ratio of 16.12 and a beta of 0.88.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPDW. AQR Capital Management LLC lifted its stake in SPDR Portfolio Developed World ex-US ETF by 13.1% in the first quarter. AQR Capital Management LLC now owns 39,917 shares of the company’s stock valued at $1,453,000 after buying an additional 4,638 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 85.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 450,862 shares of the company’s stock worth $16,416,000 after acquiring an additional 207,712 shares during the period. Empowered Funds LLC lifted its position in SPDR Portfolio Developed World ex-US ETF by 5.5% in the 1st quarter. Empowered Funds LLC now owns 185,279 shares of the company’s stock valued at $6,746,000 after purchasing an additional 9,702 shares during the last quarter. Jane Street Group LLC acquired a new position in SPDR Portfolio Developed World ex-US ETF during the 1st quarter valued at about $42,693,000. Finally, Focus Partners Wealth grew its position in SPDR Portfolio Developed World ex-US ETF by 38.3% in the 1st quarter. Focus Partners Wealth now owns 447,569 shares of the company’s stock worth $16,296,000 after purchasing an additional 123,914 shares during 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.