SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) Sees Unusually-High Trading Volume – Still a Buy?

SPDR S&P Emerging Markets SmallCap ETF (NYSEARCA:EWX) shares saw unusually-strong trading volume on Tuesday . Approximately 146,388 shares changed hands during mid-day trading, an increase of 214% from the previous session’s volume of 46,649 shares.The stock last traded at $57.31 and had previously closed at $56.59.

SPDR S&P Emerging Markets SmallCap ETF Price Performance

The stock has a market cap of $676.61 million, a price-to-earnings ratio of 14.34 and a beta of 0.78. The company’s 50 day moving average is $57.95 and its 200 day moving average is $59.52.

Institutional Investors Weigh In On SPDR S&P Emerging Markets SmallCap ETF

A number of hedge funds and other institutional investors have recently modified their holdings of EWX. Assetmark Inc. raised its holdings in SPDR S&P Emerging Markets SmallCap ETF by 3,430.8% during the third quarter. Assetmark Inc. now owns 1,836 shares of the company’s stock worth $115,000 after purchasing an additional 1,784 shares during the last quarter. AdvisorNet Financial Inc raised its stake in shares of SPDR S&P Emerging Markets SmallCap ETF by 62.8% during the 4th quarter. AdvisorNet Financial Inc now owns 1,379 shares of the company’s stock worth $81,000 after buying an additional 532 shares during the last quarter. Principal Securities Inc. boosted its position in shares of SPDR S&P Emerging Markets SmallCap ETF by 7.4% in the 4th quarter. Principal Securities Inc. now owns 5,335 shares of the company’s stock worth $313,000 after buying an additional 367 shares in the last quarter. Veridan Wealth LLC acquired a new stake in SPDR S&P Emerging Markets SmallCap ETF in the 4th quarter valued at about $1,548,000. Finally, Stratos Wealth Partners LTD. increased its holdings in SPDR S&P Emerging Markets SmallCap ETF by 5.0% during the 4th quarter. Stratos Wealth Partners LTD. now owns 47,611 shares of the company’s stock valued at $2,791,000 after acquiring an additional 2,283 shares in the last quarter.

SPDR S&P Emerging Markets SmallCap ETF Company Profile

SPDR S&P Emerging Markets Small Cap ETF (the Fund) seeks to provide investment results that correspond generally to the total return performance of the S&P Emerging Markets Under USD2 Billion Index (the Index). The Index is a float-adjusted, market-cap weighted index that represents the small-capitalization segment of emerging countries included in the S&P Global BMI Index.