Royal Bank of Canada Decreases Stake in SPDR Portfolio Developed World ex-US ETF $SPDW

Royal Bank of Canada cut its holdings in shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 2.2% in the 1st quarter, Holdings Channel reports. The fund owned 1,839,191 shares of the company’s stock after selling 41,566 shares during the period. Royal Bank of Canada’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $83,959,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Albion Financial Group UT purchased a new position in SPDR Portfolio Developed World ex-US ETF in the fourth quarter valued at about $29,000. Ascentis Independent Advisors acquired a new stake in SPDR Portfolio Developed World ex-US ETF during the 1st quarter valued at approximately $36,000. Johnson Financial Group Inc. purchased a new stake in SPDR Portfolio Developed World ex-US ETF during the 1st quarter worth approximately $37,000. Godsey & Gibb Inc. purchased a new stake in SPDR Portfolio Developed World ex-US ETF during the 1st quarter worth approximately $44,000. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of SPDR Portfolio Developed World ex-US ETF in the 4th quarter valued at approximately $46,000.

SPDR Portfolio Developed World ex-US ETF Stock Down 0.7%

Shares of SPDW opened at $50.06 on Friday. The firm has a market cap of $40.32 billion, a price-to-earnings ratio of 16.12 and a beta of 0.83. The business’s 50 day moving average is $50.28 and its two-hundred day moving average is $48.63. SPDR Portfolio Developed World ex-US ETF has a 52-week low of $39.54 and a 52-week high of $52.16.

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. 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.