Convergence Financial LLC Buys 59,354 Shares of SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW)

Convergence Financial LLC boosted its stake in SPDR Portfolio Developed World ex-US ETF (NYSEARCA:SPDW) by 72.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,739 shares of the company’s stock after purchasing an additional 59,354 shares during the quarter. SPDR Portfolio Developed World ex-US ETF comprises about 1.0% of Convergence Financial LLC’s investment portfolio, making the stock its 23rd largest holding. Convergence Financial LLC’s holdings in SPDR Portfolio Developed World ex-US ETF were worth $5,161,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Advisors Asset Management LLC increased its stake in SPDR Portfolio Developed World ex-US ETF by 3.7% in the first quarter. Cornerstone Advisors Asset Management LLC now owns 195,341 shares of the company’s stock valued at $7,112,000 after purchasing an additional 6,899 shares in the last quarter. Cambridge Advisors Inc. bought a new stake in shares of SPDR Portfolio Developed World ex-US ETF in the 1st quarter valued at $209,000. Decker Retirement Planning Inc. increased its position in shares of SPDR Portfolio Developed World ex-US ETF by 5,459.1% in the 1st quarter. Decker Retirement Planning Inc. now owns 1,223 shares of the company’s stock valued at $45,000 after buying an additional 1,201 shares in the last quarter. Reston Wealth Management LLC increased its position in shares of SPDR Portfolio Developed World ex-US ETF by 1.1% in the 1st quarter. Reston Wealth Management LLC now owns 787,349 shares of the company’s stock valued at $28,667,000 after buying an additional 8,595 shares in the last quarter. Finally, Money Concepts Capital Corp increased its position in shares of SPDR Portfolio Developed World ex-US ETF by 5.5% in the 1st quarter. Money Concepts Capital Corp now owns 22,504 shares of the company’s stock valued at $819,000 after buying an additional 1,181 shares in the last quarter.

SPDR Portfolio Developed World ex-US ETF Price Performance

Shares of SPDR Portfolio Developed World ex-US ETF stock opened at $40.38 on Friday. SPDR Portfolio Developed World ex-US ETF has a 1 year low of $32.30 and a 1 year high of $40.80. The business has a 50-day moving average of $39.18 and a two-hundred day moving average of $36.90. The company has a market capitalization of $26.54 billion, a P/E ratio of 16.10 and a beta of 0.89.

SPDR Portfolio Developed World ex-US ETF Company 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.