SPDR S&P International Dividend ETF (NYSEARCA:DWX) Sees Large Volume Increase – Still a Buy?

Shares of SPDR S&P International Dividend ETF (NYSEARCA:DWX) saw unusually-high trading volume on Monday . 32,135 shares traded hands during trading, an increase of 31% from the previous session’s volume of 24,550 shares.The stock last traded at $47.76 and had previously closed at $47.88.

SPDR S&P International Dividend ETF Stock Up 0.4%

The company has a market cap of $528.74 million, a P/E ratio of 17.89 and a beta of 0.52. The firm’s 50-day moving average price is $46.78 and its 200-day moving average price is $46.51.

Institutional Investors Weigh In On SPDR S&P International Dividend ETF

Several institutional investors have recently made changes to their positions in DWX. Janney Montgomery Scott LLC raised its stake in shares of SPDR S&P International Dividend ETF by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,815 shares of the company’s stock valued at $721,000 after purchasing an additional 234 shares during the period. Novak & Powell Financial Services Inc. lifted its holdings in shares of SPDR S&P International Dividend ETF by 1.5% in the fourth quarter. Novak & Powell Financial Services Inc. now owns 19,905 shares of the company’s stock worth $875,000 after buying an additional 297 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of SPDR S&P International Dividend ETF by 18.9% in the first quarter. PNC Financial Services Group Inc. now owns 2,370 shares of the company’s stock worth $108,000 after buying an additional 377 shares in the last quarter. Mariner LLC boosted its position in shares of SPDR S&P International Dividend ETF by 4.3% in the third quarter. Mariner LLC now owns 9,101 shares of the company’s stock valued at $389,000 after acquiring an additional 379 shares during the period. Finally, Financial Network Wealth Advisors LLC grew its stake in SPDR S&P International Dividend ETF by 179.7% during the fourth quarter. Financial Network Wealth Advisors LLC now owns 607 shares of the company’s stock valued at $27,000 after acquiring an additional 390 shares in the last quarter.

SPDR S&P International Dividend ETF Company Profile

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.