Rinkey Investments Sells 30,407 Shares of SPDR Portfolio Developed World ex-US ETF $SPDW

Rinkey Investments lessened its position in shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 4.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 694,494 shares of the company’s stock after selling 30,407 shares during the period. SPDR Portfolio Developed World ex-US ETF makes up approximately 7.8% of Rinkey Investments’ portfolio, making the stock its 3rd largest position. Rinkey Investments’ holdings in SPDR Portfolio Developed World ex-US ETF were worth $30,843,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vantage Point Financial LLC grew its position in SPDR Portfolio Developed World ex-US ETF by 1.5% during the fourth quarter. Vantage Point Financial LLC now owns 14,295 shares of the company’s stock valued at $635,000 after buying an additional 213 shares during the period. Glassman Wealth Services grew its position in SPDR Portfolio Developed World ex-US ETF by 1.8% during the fourth quarter. Glassman Wealth Services now owns 13,443 shares of the company’s stock valued at $597,000 after buying an additional 233 shares during the period. Financial Connections Group Inc. grew its position in SPDR Portfolio Developed World ex-US ETF by 0.4% during the fourth quarter. Financial Connections Group Inc. now owns 53,169 shares of the company’s stock valued at $2,361,000 after buying an additional 236 shares during the period. MGO One Seven LLC grew its position in SPDR Portfolio Developed World ex-US ETF by 0.9% during the fourth quarter. MGO One Seven LLC now owns 27,889 shares of the company’s stock valued at $1,239,000 after buying an additional 239 shares during the period. Finally, Canal Capital Management LLC grew its position in SPDR Portfolio Developed World ex-US ETF by 1.3% during the fourth quarter. Canal Capital Management LLC now owns 19,717 shares of the company’s stock valued at $876,000 after buying an additional 256 shares during the period.

SPDR Portfolio Developed World ex-US ETF Stock Performance

SPDW stock opened at $50.41 on Tuesday. The firm has a market cap of $40.24 billion, a PE ratio of 16.12 and a beta of 0.83. The firm’s fifty day moving average is $47.39 and its 200 day moving average is $46.10. SPDR Portfolio Developed World ex-US ETF has a one year low of $38.34 and a one year high of $50.53.

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.