SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) Sees Large Volume Increase – Still a Buy?

SPDR MSCI ACWI ex-US ETF (NYSEARCA:CWI) shares saw unusually-strong trading volume on Wednesday . Approximately 281,490 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 388,716 shares.The stock last traded at $37.00 and had previously closed at $36.59.

SPDR MSCI ACWI ex-US ETF Stock Performance

The company has a 50 day simple moving average of $37.87 and a 200 day simple moving average of $36.38. The company has a market capitalization of $2.43 billion, a PE ratio of 16.06 and a beta of 0.78.

Institutional Trading of SPDR MSCI ACWI ex-US ETF

Several large investors have recently made changes to their positions in CWI. Merit Financial Group LLC lifted its holdings 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 valued at $97,624,000 after purchasing an additional 2,519,202 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in SPDR MSCI ACWI ex-US ETF by 151.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,236,220 shares of the company’s stock worth $44,405,000 after purchasing an additional 744,900 shares during the last quarter. Captrust Financial Advisors grew its holdings in shares of 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 worth $22,510,000 after buying an additional 467,304 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of 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 raised its position in shares of SPDR MSCI ACWI ex-US ETF by 4.4% in the third quarter. Bank of America Corp DE now owns 8,197,847 shares of the company’s stock valued at $286,269,000 after buying an additional 342,683 shares during the last quarter.

About SPDR MSCI ACWI ex-US ETF

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