Modern Wealth Management LLC Purchases 46,009 Shares of SPDR Portfolio Developed World ex-US ETF $SPDW

Modern Wealth Management LLC boosted its position in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 76.6% during the 1st quarter, HoldingsChannel.com reports. The firm owned 106,089 shares of the company’s stock after purchasing an additional 46,009 shares during the quarter. Modern Wealth Management LLC’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $4,924,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Albion Financial Group UT purchased a new position in shares of SPDR Portfolio Developed World ex-US ETF during the 4th quarter valued at $29,000. Ascentis Independent Advisors bought a new position in shares of SPDR Portfolio Developed World ex-US ETF in the first quarter worth $36,000. Johnson Financial Group Inc. purchased a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the first quarter worth $37,000. Godsey & Gibb Inc. purchased a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the first quarter worth $44,000. Finally, Hazlett Burt & Watson Inc. purchased a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the fourth quarter worth $46,000.

SPDR Portfolio Developed World ex-US ETF Stock Performance

NYSEARCA:SPDW opened at $49.39 on Friday. SPDR Portfolio Developed World ex-US ETF has a 52-week low of $39.54 and a 52-week high of $52.16. The stock has a fifty day moving average of $50.30 and a 200 day moving average of $48.49. The firm has a market capitalization of $39.66 billion, a price-to-earnings ratio of 16.12 and a beta of 0.83.

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.