Gibbs Wealth Management Has $14.48 Million Stake in SPDR Portfolio Developed World ex-US ETF $SPDW

Gibbs Wealth Management cut its position in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 3.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 315,518 shares of the company’s stock after selling 12,422 shares during the period. SPDR Portfolio Developed World ex-US ETF accounts for approximately 3.5% of Gibbs Wealth Management’s investment portfolio, making the stock its 2nd biggest holding. Gibbs Wealth Management’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $14,479,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Rossby Financial LCC raised its holdings in SPDR Portfolio Developed World ex-US ETF by 166.0% in the third quarter. Rossby Financial LCC now owns 572 shares of the company’s stock worth $25,000 after purchasing an additional 357 shares in the last quarter. GGM Financials LLC bought a new position in SPDR Portfolio Developed World ex-US ETF in the third quarter worth about $26,000. Financial Consulate Inc. purchased a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the third quarter worth about $27,000. Albion Financial Group UT purchased a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the fourth quarter worth about $29,000. Finally, Longview Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the third quarter worth about $36,000.

SPDR Portfolio Developed World ex-US ETF Stock Performance

Shares of SPDW stock opened at $48.19 on Friday. SPDR Portfolio Developed World ex-US ETF has a fifty-two week low of $34.56 and a fifty-two week high of $50.09. The firm has a market capitalization of $38.47 billion, a price-to-earnings ratio of 16.12 and a beta of 0.84. The stock’s 50-day simple moving average is $47.24 and its 200-day simple moving average is $45.26.

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. 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.