Mutual Advisors Boosts Stake in SPDR Portfolio Developed World ETF

Mutual Advisors LLC has increased its holdings in the SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 2.3% during the second quarter of 2023. According to the company’s latest 13F filing with the Securities and Exchange Commission, Mutual Advisors now owns a total of 200,660 shares after acquiring an additional 4,501 shares in this period, valuing its stake at approximately $8,271,000.

Several other institutional investors have also adjusted their positions in the SPDR ETF. Notably, Commonwealth Equity Services LLC raised its stake by an impressive 395.9% in the first quarter, bringing its total to 6,428,708 shares worth around $234,069,000. LPL Financial LLC also increased its holdings in the same period, lifting its stake by 9.6% to own 30,733,565 shares, valued at approximately $1,119,009,000.

During the second quarter, Halbert Hargrove Global Advisors LLC entered the market with a new stake worth about $63,370,000. Additionally, Exchange Traded Concepts LLC and Confluence Investment Management LLC purchased new stakes worth approximately $54,618,000 and $51,697,000, respectively.

SPDR Portfolio Developments and Market Performance

As of Wednesday, shares of the SPDR Portfolio Developed World ex-US ETF opened at $42.86. The ETF has experienced a fifty-two week low of $32.30 and a high of $43.78. Its 50-day moving average stands at $42.25, while the 200-day moving average is at $40.02. The ETF has a market capitalization of $30.38 billion, a price-to-earnings ratio of 16.12, and a beta of 0.89.

The SPDR Portfolio Developed World ex-US ETF aims to closely replicate the total return performance of the S&P/Citigroup BMI World Ex US Index. This index is market capitalization-weighted, encompassing publicly traded companies based in developed countries outside the United States.

For those interested in tracking the activities of other hedge funds holding SPDW, HoldingsChannel.com provides the latest 13F filings and insider trades related to the SPDR Portfolio Developed World ex-US ETF. Additionally, MarketBeat.com offers a free daily email newsletter summarizing the latest news and analyst ratings for this ETF and related companies, keeping investors informed about market movements.