Cornerstone Advisors Asset Management LLC Raises Stake in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)

Cornerstone Advisors Asset Management LLC raised its stake in shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 7.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 188,442 shares of the company’s stock after buying an additional 13,828 shares during the quarter. SPDR Portfolio Developed World ex-US ETF comprises about 1.4% of Cornerstone Advisors Asset Management LLC’s portfolio, making the stock its 17th biggest position. Cornerstone Advisors Asset Management LLC’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $6,432,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Raymond James & Associates grew its stake in SPDR Portfolio Developed World ex-US ETF by 3.1% during the third quarter. Raymond James & Associates now owns 346,256 shares of the company’s stock valued at $13,005,000 after acquiring an additional 10,289 shares in the last quarter. Foundations Investment Advisors LLC boosted its holdings in SPDR Portfolio Developed World ex-US ETF by 60.1% in the 3rd quarter. Foundations Investment Advisors LLC now owns 70,449 shares of the company’s stock valued at $2,646,000 after purchasing an additional 26,448 shares during the period. Flagship Harbor Advisors LLC bought a new position in SPDR Portfolio Developed World ex-US ETF in the 3rd quarter valued at $7,786,000. Sequoia Financial Advisors LLC grew its position in shares of SPDR Portfolio Developed World ex-US ETF by 6.3% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 20,787 shares of the company’s stock valued at $781,000 after purchasing an additional 1,238 shares in the last quarter. Finally, Waldron Private Wealth LLC bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the third quarter worth $95,000.

SPDR Portfolio Developed World ex-US ETF Stock Performance

Shares of SPDW stock opened at $37.03 on Wednesday. The company has a market capitalization of $20.93 billion, a PE ratio of 14.67 and a beta of 0.88. SPDR Portfolio Developed World ex-US ETF has a 52-week low of $33.11 and a 52-week high of $38.00. The business’s fifty day moving average is $35.12 and its 200 day moving average is $35.80.

SPDR Portfolio Developed World ex-US ETF 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.