Summit Global Investments Sells 740,072 Shares of SPDR Portfolio Developed World ex-US ETF $SPDW

Summit Global Investments lessened its holdings in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 69.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 328,991 shares of the company’s stock after selling 740,072 shares during the quarter. SPDR Portfolio Developed World ex-US ETF makes up 0.9% of Summit Global Investments’ portfolio, making the stock its 12th largest position. Summit Global Investments’ holdings in SPDR Portfolio Developed World ex-US ETF were worth $15,018,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Auto Owners Insurance Co lifted its position in shares of SPDR Portfolio Developed World ex-US ETF by 5,626.0% in the fourth quarter. Auto Owners Insurance Co now owns 872,108,747 shares of the company’s stock valued at $38,730,349,000 after acquiring an additional 856,878,081 shares in the last quarter. Creative Planning grew its position in shares of SPDR Portfolio Developed World ex-US ETF by 13.2% during the third quarter. Creative Planning now owns 112,764,556 shares of the company’s stock worth $4,825,195,000 after purchasing an additional 13,128,208 shares in the last quarter. LPL Financial LLC grew its position in shares of SPDR Portfolio Developed World ex-US ETF by 9.7% during the fourth quarter. LPL Financial LLC now owns 37,343,862 shares of the company’s stock worth $1,658,441,000 after purchasing an additional 3,292,815 shares in the last quarter. Allworth Financial LP raised its stake in SPDR Portfolio Developed World ex-US ETF by 0.3% during the 4th quarter. Allworth Financial LP now owns 29,790,838 shares of the company’s stock valued at $1,323,011,000 after purchasing an additional 90,865 shares during the period. Finally, CWM LLC raised its stake in SPDR Portfolio Developed World ex-US ETF by 6.1% during the 4th quarter. CWM LLC now owns 15,520,557 shares of the company’s stock valued at $689,268,000 after purchasing an additional 886,729 shares during the period.

SPDR Portfolio Developed World ex-US ETF Trading Down 0.6%

NYSEARCA SPDW opened at $49.07 on Tuesday. The stock’s 50 day moving average is $50.32 and its 200 day moving average is $48.37. SPDR Portfolio Developed World ex-US ETF has a 12 month low of $39.54 and a 12 month high of $52.16. The stock has a market cap of $39.40 billion, a PE ratio of 16.12 and a beta of 0.83.

SPDR Portfolio Developed World ex-US ETF Company 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.