Convergence Financial LLC Sells 31,811 Shares of SPDR Portfolio Developed World ex-US ETF $SPDW

Convergence Financial LLC trimmed its position in shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 18.0% during the 4th quarter, HoldingsChannel reports. The fund owned 144,636 shares of the company’s stock after selling 31,811 shares during the quarter. SPDR Portfolio Developed World ex-US ETF makes up approximately 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SPDW. Advyzon Investment Management LLC raised its position in SPDR Portfolio Developed World ex-US ETF by 5.8% in the third quarter. Advyzon Investment Management LLC now owns 342,208 shares of the company’s stock worth $14,643,000 after purchasing an additional 18,903 shares in the last quarter. Diversify Advisory Services LLC raised its position in SPDR Portfolio Developed World ex-US ETF by 14.4% in the third quarter. Diversify Advisory Services LLC now owns 371,337 shares of the company’s stock worth $16,201,000 after purchasing an additional 46,638 shares in the last quarter. Ashton Thomas Private Wealth LLC raised its position in SPDR Portfolio Developed World ex-US ETF by 18.5% in the third quarter. Ashton Thomas Private Wealth LLC now owns 69,440 shares of the company’s stock worth $2,971,000 after purchasing an additional 10,865 shares in the last quarter. Capital Asset Advisory Services LLC raised its position in SPDR Portfolio Developed World ex-US ETF by 1.6% in the fourth quarter. Capital Asset Advisory Services LLC now owns 1,982,606 shares of the company’s stock worth $90,407,000 after purchasing an additional 32,025 shares in the last quarter. Finally, First Heartland Consultants Inc. raised its position in SPDR Portfolio Developed World ex-US ETF by 4.4% in the third quarter. First Heartland Consultants Inc. now owns 573,288 shares of the company’s stock worth $24,531,000 after purchasing an additional 24,160 shares in the last quarter.

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

NYSEARCA: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 PE ratio of 16.12 and a beta of 0.83. The firm has a 50-day moving average price of $48.79 and a 200 day moving average price of $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.