We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Image: Bigstock
International Dividend ETF (DWX) Hits New 52-Week High
For investors looking for momentum, SPDR S&P International Dividend ETF (DWX - Free Report) is probably a suitable pick. The fund just hit a 52-week high — up roughly 18.2% from its 52-week low of $33.89/share.
Does it have more gains in store? Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:
DWX in Focus
The underlying S&P International Dividend Opportunities Index measures the performance of 100 highest dividend-yielding common stocks and ADRs listed in primary exchanges of countries included in the S&P Global BMI ex U.S.
The fund is heavily invested in sectors like financials (24.52%), utilities (20.51%), real estate (18.10%) and communication services (11.82%). Canada and Japan have double-digit weights in the fund. It charges 45 bps in fees (see all World ETFs here).
Why the Move?
Incessant cheap money inflows amid global policy easing are pushing stocks higher. A few upbeat earnings and trade optimism have been propelling the stocks higher.
More Gains Ahead?
The fund also has a positive weighted alpha of 10.90, which gives cues of further rally.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free>>