Mutual Advisors LLC Increases Stake in SPDR Portfolio Developed World ETF

Mutual Advisors LLC has increased its investment 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 holds a total of 200,660 shares after acquiring an additional 4,501 shares in the period. The value of these holdings is approximately $8,271,000.

Several other institutional investors have also made significant adjustments to their positions in the SPDR Portfolio Developed World ex-US ETF. For example, Commonwealth Equity Services LLC has dramatically increased its stake by 395.9% during the first quarter, now owning 6,428,708 shares worth about $234,069,000 after adding 5,132,319 shares. Similarly, LPL Financial LLC has lifted its stake in the ETF by 9.6%, bringing its total to 30,733,565 shares valued at $1,119,009,000 after purchasing 2,701,493 additional shares.

In the latest quarter, Halbert Hargrove Global Advisors LLC and Exchange Traded Concepts LLC also entered new positions in the fund, valued at approximately $63,370,000 and $54,618,000, respectively. Additionally, Confluence Investment Management LLC acquired a new stake valued around $51,697,000.

Current Performance and Market Position

As of Wednesday, shares of the SPDR Portfolio Developed World ex-US ETF opened at $42.86. The ETF has shown a range of performance over the past year, with a fifty-two week low of $32.30 and a high of $43.78. The fund’s 50-day moving average price stands at $42.25, while its 200-day moving average is $40.02.

The ETF holds a market capitalization of $30.38 billion, a price-to-earnings ratio of 16.12, and a beta of 0.89, indicating a relatively stable investment compared to the broader market.

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 designed to capture the investable universe of publicly traded companies located in developed countries, excluding the United States.

For those interested in the latest movements among hedge funds holding the SPDR Portfolio Developed World ex-US ETF, detailed information is available through platforms such as HoldingsChannel.com, which tracks recent 13F filings and insider trades.