Wed Oct 02 16:56:43 UTC 2024: ## Institutional Investors Show Growing Interest in Global Markets with SPDW ETF Purchases
**New York, NY** – Several institutional investors have recently made significant purchases of SPDR Portfolio Developed World ex-US ETF (SPDW), indicating a growing interest in global markets beyond the United States.
Cannon Financial Strategists Inc. made a new investment in SPDW during the second quarter, purchasing 17,827 shares valued at approximately $625,000. This move is particularly notable as it represents a new position for the firm in this specific ETF.
Other institutional investors, including Range Financial Group LLC, Regal Investment Advisors LLC, American Institute for Advanced Investment Management LLP, Lincoln Capital Corp, and Balanced Wealth Group LLC, have also increased their holdings in SPDW. This indicates a consistent trend of investors seeking exposure to developed markets outside the United States.
SPDW, which tracks the S&P/Citigroup BMI World Ex US Index, provides investors with a diversified way to invest in companies domiciled in developed countries excluding the United States. The ETF has a market capitalization of $21.11 billion and currently trades at $37.35, reflecting a 12-month low of $29.39 and a 12-month high of $38.00.
These recent purchases by institutional investors suggest growing confidence in the global economy and a desire to capitalize on opportunities beyond the United States. With its focus on developed markets, SPDW presents a potential avenue for investors seeking diversification and global exposure.
First Piper 