SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) Sees Strong Trading Volume – Here’s Why

Shares of SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) saw strong trading volume on Wednesday. Approximately 632,476 shares were traded during trading, an increase of 123% from the previous session’s volume of 283,336 shares. The stock last traded at $40.91 and had previously closed at $41.53.

SPDR MSCI ACWI ex-US ETF Stock Down 0.3%

The firm has a market cap of $2.84 billion, a P/E ratio of 16.06 and a beta of 0.77. The company’s 50 day simple moving average is $40.92 and its 200-day simple moving average is $39.77.

Institutional Investors Weigh In On SPDR MSCI ACWI ex-US ETF

A number of institutional investors and hedge funds have recently modified their holdings of CWI. Envestnet Asset Management Inc. increased its stake in SPDR MSCI ACWI ex-US ETF by 8.9% in the second quarter. Envestnet Asset Management Inc. now owns 802,257 shares of the company’s stock worth $32,628,000 after purchasing an additional 65,803 shares during the period. NewEdge Advisors LLC boosted its stake in shares of SPDR MSCI ACWI ex-US ETF by 1.4% during the second quarter. NewEdge Advisors LLC now owns 369,468 shares of the company’s stock valued at $15,026,000 after purchasing an additional 5,241 shares during the period. Waverly Advisors LLC grew its holdings in shares of SPDR MSCI ACWI ex-US ETF by 2.1% in the second quarter. Waverly Advisors LLC now owns 314,489 shares of the company’s stock worth $12,790,000 after purchasing an additional 6,567 shares during the last quarter. DMC Group LLC grew its holdings in shares of SPDR MSCI ACWI ex-US ETF by 23.4% in the second quarter. DMC Group LLC now owns 10,148 shares of the company’s stock worth $413,000 after purchasing an additional 1,922 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in SPDR MSCI ACWI ex-US ETF in the 2nd quarter worth about $42,000.

About SPDR MSCI ACWI ex-US ETF

SPDR MSCI ACWI ex-US ETF (the Fund) seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWI ex USA Index (the Index). The Index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The Fund’s investment advisor is SSgA Funds Management, Inc