Summit Global Investments cut its holdings in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW – Free Report) by 69.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 328,991 shares of the company’s stock after selling 740,072 shares during the period. SPDR Portfolio Developed World ex-US ETF accounts for 0.9% of Summit Global Investments’ portfolio, making the stock its 12th largest holding. Summit Global Investments’ holdings in SPDR Portfolio Developed World ex-US ETF were worth $15,018,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the business. Albion Financial Group UT bought a new position in SPDR Portfolio Developed World ex-US ETF in the 4th quarter worth $29,000. Ascentis Independent Advisors bought a new stake in SPDR Portfolio Developed World ex-US ETF during the first quarter valued at about $36,000. Johnson Financial Group Inc. purchased a new stake in SPDR Portfolio Developed World ex-US ETF in the first quarter worth about $37,000. Godsey & Gibb Inc. purchased a new stake in SPDR Portfolio Developed World ex-US ETF in the first quarter worth about $44,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the fourth quarter worth about $46,000.
SPDR Portfolio Developed World ex-US ETF Stock Down 0.6%
NYSEARCA SPDW opened at $49.07 on Tuesday. SPDR Portfolio Developed World ex-US ETF has a 52 week low of $39.54 and a 52 week high of $52.16. The company has a market capitalization of $39.40 billion, a P/E ratio of 16.12 and a beta of 0.83. The stock’s 50-day moving average price is $50.32 and its 200-day moving average price is $48.37.
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.
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