Convergence Financial LLC Has $6.42 Million Stake in SPDR Portfolio Developed World ex-US ETF $SPDW

Convergence Financial LLC decreased its position in shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 18.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 144,636 shares of the company’s stock after selling 31,811 shares during the period. SPDR Portfolio Developed World ex-US ETF accounts for 0.9% of Convergence Financial LLC’s investment portfolio, making the stock its 29th biggest holding. Convergence Financial LLC’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $6,423,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Vista Cima Wealth Management LLC lifted its stake in shares of SPDR Portfolio Developed World ex-US ETF by 1.9% in the fourth quarter. Vista Cima Wealth Management LLC now owns 104,427 shares of the company’s stock valued at $4,638,000 after buying an additional 1,963 shares during the period. Vise Technologies Inc. increased its stake in SPDR Portfolio Developed World ex-US ETF by 75.6% during the fourth quarter. Vise Technologies Inc. now owns 37,480 shares of the company’s stock valued at $1,664,000 after acquiring an additional 16,139 shares during the period. Verus Capital Partners LLC bought a new position in SPDR Portfolio Developed World ex-US ETF during the fourth quarter valued at about $8,603,000. Evolution Wealth Management Inc. increased its stake in SPDR Portfolio Developed World ex-US ETF by 161.5% during the fourth quarter. Evolution Wealth Management Inc. now owns 10,715 shares of the company’s stock valued at $476,000 after acquiring an additional 6,617 shares during the period. Finally, WCG Wealth Advisors LLC bought a new position in SPDR Portfolio Developed World ex-US ETF during the fourth quarter valued at about $731,000.

SPDR Portfolio Developed World ex-US ETF Stock Up 0.3%

Shares of SPDW opened at $51.23 on Friday. SPDR Portfolio Developed World ex-US ETF has a 12-month low of $38.76 and a 12-month high of $51.53. The firm has a market capitalization of $40.90 billion, a price-to-earnings ratio of 16.12 and a beta of 0.83. The stock’s 50-day moving average price is $48.79 and its 200 day moving average price is $46.96.

SPDR Portfolio Developed World ex-US ETF Profile

SPDR S&P World ex US ETF (the Fund) seeks to replicate as closely as possible total return performance of the S&P/Citigroup BMI World Ex US Index (the Index). The Index is a market capitalization-weighted index that defines and measures the investable universe of publicly traded companies domiciled in developed countries outside the United States. The Index is float adjusted, meaning that only those shares publicly available to investors are included in the Index calculation. The Fund uses a passive management strategy designed to track the price and yield performance of the Index.