SPDR S&P International Dividend ETF (NYSEARCA:DWX) Sees Large Volume Increase – Time to Buy?

Shares of SPDR S&P International Dividend ETF (NYSEARCA:DWX) saw strong trading volume on Wednesday . Approximately 93,842 shares changed hands during mid-day trading, an increase of 309% from the previous session’s volume of 22,920 shares.The stock last traded at $47.3470 and had previously closed at $47.40.

SPDR S&P International Dividend ETF Stock Up 0.9%

The company’s fifty day simple moving average is $47.69 and its two-hundred day simple moving average is $46.79. The company has a market capitalization of $528.63 million, a price-to-earnings ratio of 17.89 and a beta of 0.52.

Institutional Trading of SPDR S&P International Dividend ETF

Several hedge funds have recently added to or reduced their stakes in the business. Hyundai Investments Co. Ltd. acquired a new stake in shares of SPDR S&P International Dividend ETF during the fourth quarter worth about $539,000. Elevation Point Wealth Partners LLC acquired a new position in shares of SPDR S&P International Dividend ETF in the 1st quarter valued at approximately $1,278,000. Baker Avenue Asset Management LP grew its position in shares of SPDR S&P International Dividend ETF by 7.7% in the 4th quarter. Baker Avenue Asset Management LP now owns 246,657 shares of the company’s stock valued at $10,837,000 after purchasing an additional 17,635 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in shares of SPDR S&P International Dividend ETF by 1.6% in the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 220,321 shares of the company’s stock valued at $10,047,000 after purchasing an additional 3,402 shares during the period. Finally, Janney Montgomery Scott LLC increased its stake in SPDR S&P International Dividend ETF by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 15,815 shares of the company’s stock worth $721,000 after purchasing an additional 234 shares in the last quarter.

SPDR S&P International Dividend ETF Company Profile

SPDR S&P International Dividend ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the S&P International Dividend Opportunities Index (the Index). The Index is designed to measure the performance of the 100 highest dividend-yielding common stocks and American depository receipts (ADRs) listed in primary exchanges of countries included in the S&P/Citigroup Broad Market Index. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.