SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) Reaches New 1-Year High – Should You Buy?

SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $39.59 and last traded at $39.59, with a volume of 161053 shares trading hands. The stock had previously closed at $39.12.

SPDR MSCI ACWI ex-US ETF Stock Performance

The firm has a market cap of $2.62 billion, a P/E ratio of 16.06 and a beta of 0.78. The firm has a 50 day simple moving average of $37.35 and a 200 day simple moving average of $35.66.

Hedge Funds Weigh In On SPDR MSCI ACWI ex-US ETF

Hedge funds have recently bought and sold shares of the company. Merit Financial Group LLC lifted its stake in SPDR MSCI ACWI ex-US ETF by 911.3% in the 3rd quarter. Merit Financial Group LLC now owns 2,795,644 shares of the company’s stock worth $97,624,000 after purchasing an additional 2,519,202 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of SPDR MSCI ACWI ex-US ETF by 151.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,236,220 shares of the company’s stock worth $44,405,000 after buying an additional 744,900 shares in the last quarter. Captrust Financial Advisors boosted its stake in SPDR MSCI ACWI ex-US ETF by 293.2% during the fourth quarter. Captrust Financial Advisors now owns 626,658 shares of the company’s stock valued at $22,510,000 after buying an additional 467,304 shares during the period. PNC Financial Services Group Inc. grew its position in SPDR MSCI ACWI ex-US ETF by 10.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,463,614 shares of the company’s stock worth $160,333,000 after buying an additional 424,490 shares in the last quarter. Finally, Bank of America Corp DE grew its position in SPDR MSCI ACWI ex-US ETF by 4.4% during the third quarter. Bank of America Corp DE now owns 8,197,847 shares of the company’s stock worth $286,269,000 after buying an additional 342,683 shares in the last quarter.

SPDR MSCI ACWI ex-US ETF Company Profile

SPDR MSCI ACWI ex-US ETF (the Fund) seeks to closely match the returns and characteristics of the total return performance of the MSCI ACWI ex USA Index (the Index). The Index is a float-adjusted market capitalization index that is designed to measure the combined equity market performance of developed and emerging market countries excluding the United States. The Fund’s investment advisor is SSgA Funds Management, Inc