Schwallier Wealth Management LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 5,748 shares of the exchange traded fund’s stock, valued at approximately $526,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 406.6% during the fourth quarter. Jane Street Group LLC now owns 548,444 shares of the exchange traded fund’s stock worth $48,921,000 after acquiring an additional 440,188 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in SPDR Bloomberg Convertible Securities ETF by 76.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after acquiring an additional 346,925 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in SPDR Bloomberg Convertible Securities ETF by 37.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock valued at $81,426,000 after acquiring an additional 244,707 shares during the last quarter. Horizon Investments LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 254.9% in the 3rd quarter. Horizon Investments LLC now owns 301,023 shares of the exchange traded fund’s stock worth $27,182,000 after purchasing an additional 216,213 shares in the last quarter. Finally, Aegis Wealth Management Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $12,287,000.
SPDR Bloomberg Convertible Securities ETF Price Performance
CWB opened at $103.59 on Thursday. The firm has a 50-day simple moving average of $106.33 and a two-hundred day simple moving average of $98.69. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $83.18 and a 52 week high of $112.02.
SPDR Bloomberg Convertible Securities ETF Company Profile
SPDR Barclays Convertible Securities ETF, formerly SPDR Barclays Capital Convertible Securities ETF, seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance of an index that tracks United States convertible securities. In seeking to track the performance of the Barclays Capital U.S. Convertible Bond >$500MM Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index.
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