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 an uptick in trading volume on Monday . 150,300 shares were traded during trading, a decline of 34% from the previous session’s volume of 228,065 shares.The stock last traded at $28.55 and had previously closed at $28.51.

SPDR MSCI ACWI ex-US ETF Stock Performance

The firm’s fifty day simple moving average is $29.65 and its 200 day simple moving average is $29.06. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 14.16 and a beta of 0.87.

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

Several hedge funds have recently modified their holdings of CWI. Jane Street Group LLC increased its holdings in SPDR MSCI ACWI ex-US ETF by 221.5% during the first quarter. Jane Street Group LLC now owns 1,910,919 shares of the company’s stock worth $54,270,000 after buying an additional 1,316,533 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in SPDR MSCI ACWI ex-US ETF during the third quarter worth approximately $18,910,000. OLD Mission Capital LLC bought a new stake in SPDR MSCI ACWI ex-US ETF in the first quarter valued at approximately $11,137,000. Bank of Montreal Can lifted its position in shares of SPDR MSCI ACWI ex-US ETF by 135.2% in the second quarter. Bank of Montreal Can now owns 614,992 shares of the company’s stock valued at $17,567,000 after buying an additional 353,554 shares during the last quarter. Finally, Strategic Financial Concepts LLC increased its holdings in shares of SPDR MSCI ACWI ex-US ETF by 3,121.3% in the second quarter. Strategic Financial Concepts LLC now owns 249,068 shares of the company’s stock valued at $71,000 after purchasing an additional 241,336 shares during 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.