Clearstead Advisors LLC has increased its holdings in the SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 5.3% during the third quarter of 2023. According to a recent filing with the Securities & Exchange Commission, the institutional investor now owns 2,950,650 shares of the ETF after acquiring an additional 149,558 shares in this period. This investment represents 1.7% of Clearstead’s total portfolio, positioning the ETF as its eighth largest investment.
As of the latest SEC filing, Clearstead Advisors’ stake in the SPDR Portfolio Developed World ex-US ETF is valued at approximately $126,258,000. Other institutional investors have also made significant adjustments to their positions in the fund. Notably, AQR Capital Management LLC raised its holdings by 13.1% in the first quarter, now owning 39,917 shares valued at $1,453,000 after purchasing an additional 4,638 shares.
Goldman Sachs Group Inc. made an even more substantial move, increasing its stake by 85.4% during the same quarter. The firm now controls 450,862 shares worth approximately $16,416,000, following the acquisition of 207,712 shares in that timeframe. Brighton Jones LLC also reported a notable increase of 57.2% to its position during the second quarter, now holding 17,313 shares valued at $701,000.
Additionally, Cabot Wealth Management Inc. and Schneider Downs Wealth Management Advisors LP increased their stakes in the ETF, with Cabot adding 1.4% to hold 73,496 shares valued at $2,976,000, and Schneider Downs boosting its position by 6.5% to own 1,678,854 shares worth about $67,977,000.
The SPDR Portfolio Developed World ex-US ETF opened at $49.37 on Monday. It has experienced a 52-week low of $32.30 and a high of $49.40. The ETF boasts a market capitalization of $37.73 billion, a price-to-earnings (PE) ratio of 16.12, and a beta of 0.88. Its 50-day moving average stands at $46.40, while the 200-day moving average is $44.13.
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 comprises publicly traded companies located in developed countries outside the United States and is market capitalization-weighted, reflecting only shares available to investors.
As institutional interest continues to grow, the SPDR Portfolio Developed World ex-US ETF remains a focal point for many investment strategies, reflecting broader trends in global equity markets.
