Silverlake Wealth Management LLC has significantly increased its investment in the SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW), raising its holdings by an impressive 61.4% during the third quarter. According to the firm’s latest filing with the Securities and Exchange Commission, Silverlake now owns 39,398 shares of the ETF, valued at approximately $1,686,000 after acquiring an additional 14,984 shares during this period.
Several other institutional investors have also adjusted their positions in the SPDR Portfolio Developed World ex-US ETF, highlighting growing interest in this fund. For instance, Armbruster Capital Management Inc. increased its stake by 4.3% in the same quarter, bringing its total to 5,835 shares, valued at $250,000. Similarly, McNaughton Wealth Management LLC expanded its holdings by 0.6%, owning 38,902 shares worth $1,575,000 after purchasing 248 additional shares.
Lincoln Capital Corp, Orleans Capital Management Corp LA, and Canal Capital Management LLC also reported increases in their stakes during the second quarter. Lincoln Capital grew its holdings by 2.4%, now owning 11,143 shares valued at $451,000, while Orleans Capital increased its stake by 2.7% to own 9,780 shares worth $396,000. Canal Capital Management LLC’s holdings grew by 1.4%, resulting in a total of 19,397 shares valued at $785,000.
SPDR Portfolio Developed World ex-US ETF Performance Overview
As of Thursday, the SPDR Portfolio Developed World ex-US ETF opened at $46.14. The fund has demonstrated considerable growth, with a 50-day simple moving average of $44.25 and a 200-day simple moving average of $42.76. Over the past year, the ETF has seen a low of $32.30 and a high of $46.16, reflecting its strong market performance.
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, which measures the investable universe of publicly traded companies in developed countries outside the United States. This index is float-adjusted, meaning only shares available to the public are included in its calculations. The fund utilizes a passive management strategy designed to track the price and yield performance of the index.
For those interested in tracking further developments, HoldingsChannel.com provides insights into what other hedge funds are holding in regard to the SPDR Portfolio Developed World ex-US ETF. Additionally, MarketBeat.com offers a daily summary of news and ratings for the ETF and related companies, ensuring investors stay informed on market trends.
