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 filing with the Securities and Exchange Commission, the institutional investor now owns 2,950,650 shares of the ETF after acquiring an additional 149,558 shares during the period. This investment accounts for 1.7% of Clearstead Advisors’ overall portfolio, making it the firm’s eighth-largest position.
As of the latest SEC filing, Clearstead Advisors LLC’s stake in the SPDR Portfolio Developed World ex-US ETF is valued at approximately $126,258,000. The ETF, which focuses on companies in developed markets outside the United States, has attracted interest from multiple large investors. For example, AQR Capital Management LLC increased its stake by 13.1% in the first quarter, now holding 39,917 shares valued at $1,453,000.
Goldman Sachs Group Inc. has also made a significant move, boosting its holdings in the ETF by an impressive 85.4% during the same quarter. After purchasing an additional 207,712 shares, Goldman Sachs now owns 450,862 shares worth $16,416,000.
Brighton Jones LLC and Cabot Wealth Management Inc. have similarly increased their investments in the ETF. Brighton Jones raised its position by 57.2%, acquiring 17,313 shares valued at $701,000. Cabot Wealth Management added 1,019 shares to own a total of 73,496 shares, worth $2,976,000.
Furthermore, Schneider Downs Wealth Management Advisors LP increased its stake by 6.5%, bringing its total to 1,678,854 shares valued at $67,977,000.
The SPDR Portfolio Developed World ex-US ETF has shown resilience in the market, opening at $49.37 on Monday. It has recorded a 52-week low of $32.30 and a 52-week high of $49.40. The ETF currently holds a market capitalization of $37.73 billion, a price-to-earnings ratio of 16.12, and a beta of 0.88.
The ETF aims to replicate the total return performance of the S&P/Citigroup BMI World Ex US Index, which is comprised of publicly traded companies based in developed countries outside the U.S. The index is float-adjusted, ensuring that only shares available to investors are included in the calculation. The fund employs a passive management strategy to track the price and yield performance of the index effectively.
As investment strategies evolve, the increasing interest in the SPDR Portfolio Developed World ex-US ETF underscores a broader trend among institutional investors seeking diversified exposure to international markets.
