Towercrest Capital Management Cuts Stake in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)

Towercrest Capital Management trimmed its position in shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 16.2% in the third quarter, Holdings Channel.com reports. The firm owned 165,318 shares of the company’s stock after selling 32,000 shares during the period. SPDR Portfolio Developed World ex-US ETF comprises approximately 1.0% of Towercrest Capital Management’s investment portfolio, making the stock its 28th largest position. Towercrest Capital Management’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $6,209,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF during the 2nd quarter valued at about $25,000. WR Wealth Planners LLC bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the 2nd quarter worth approximately $25,000. Future Financial Wealth Managment LLC bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the 3rd quarter worth approximately $28,000. Arlington Trust Co LLC bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the 3rd quarter worth approximately $29,000. Finally, M&R Capital Management Inc. raised its holdings in shares of SPDR Portfolio Developed World ex-US ETF by 110.4% in the 2nd quarter. M&R Capital Management Inc. now owns 852 shares of the company’s stock worth $30,000 after purchasing an additional 447 shares in the last quarter.

SPDR Portfolio Developed World ex-US ETF Price Performance

SPDW stock opened at $35.28 on Friday. SPDR Portfolio Developed World ex-US ETF has a 52-week low of $32.35 and a 52-week high of $38.00. The company’s 50 day simple moving average is $36.38 and its 200-day simple moving average is $36.08. The firm has a market capitalization of $19.94 billion, a P/E ratio of 14.67 and a beta of 0.88.

SPDR Portfolio Developed World ex-US ETF Company Profile

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.