SPDR Portfolio Developed World ex-US ETF $SPDW Shares Sold by Abound Financial LLC

Abound Financial LLC lessened its stake in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 364,087 shares of the company’s stock after selling 21,668 shares during the quarter. SPDR Portfolio Developed World ex-US ETF accounts for about 3.8% of Abound Financial LLC’s holdings, making the stock its 7th biggest holding. Abound Financial LLC’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $16,169,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPDW. Rossby Financial LCC boosted its stake in shares of SPDR Portfolio Developed World ex-US ETF by 166.0% in the 3rd quarter. Rossby Financial LCC now owns 572 shares of the company’s stock valued at $25,000 after purchasing an additional 357 shares during the last quarter. GGM Financials LLC bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the 3rd quarter valued at about $26,000. Albion Financial Group UT bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the 4th quarter valued at about $29,000. Longview Financial Advisors LLC bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the 3rd quarter valued at about $36,000. Finally, Hazlett Burt & Watson Inc. bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the 4th quarter valued at about $46,000.

SPDR Portfolio Developed World ex-US ETF Trading Up 1.2%

Shares of NYSEARCA SPDW opened at $51.64 on Tuesday. The firm has a market capitalization of $41.22 billion, a PE ratio of 16.12 and a beta of 0.83. SPDR Portfolio Developed World ex-US ETF has a 1 year low of $38.76 and a 1 year high of $51.92. The firm’s 50-day moving average is $49.48 and its 200-day moving average is $47.33.

About SPDR Portfolio Developed World ex-US ETF

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.