SPDR S&P International Dividend ETF (NYSEARCA:DWX) Stock Price Down 0.6% – Here’s Why

Shares of SPDR S&P International Dividend ETF (NYSEARCA:DWX) fell 0.6% on Friday . The company traded as low as $47.73 and last traded at $47.73. 12,595 shares were traded during trading, a decline of 46% from the average daily volume of 23,375 shares. The stock had previously closed at $48.04.

SPDR S&P International Dividend ETF Stock Down 0.6%

The company has a market cap of $527.42 million, a PE ratio of 17.89 and a beta of 0.52. The firm has a 50 day simple moving average of $47.22 and a 200-day simple moving average of $46.84.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of DWX. Hyundai Investments Co. Ltd. bought a new position in shares of SPDR S&P International Dividend ETF during the 4th quarter worth approximately $539,000. UBS Group AG boosted its stake in SPDR S&P International Dividend ETF by 10.9% in the fourth quarter. UBS Group AG now owns 459,622 shares of the company’s stock valued at $20,193,000 after acquiring an additional 45,186 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in SPDR S&P International Dividend ETF in the first quarter worth $1,278,000. Baker Avenue Asset Management LP grew its holdings in SPDR S&P International Dividend ETF by 7.7% in the fourth quarter. Baker Avenue Asset Management LP now owns 246,657 shares of the company’s stock worth $10,837,000 after purchasing an additional 17,635 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of SPDR S&P International Dividend ETF by 1.5% during the first 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.

About SPDR S&P International Dividend ETF

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.