Independent Financial Group LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 15,957 shares of the exchange traded fund’s stock, valued at approximately $1,460,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 66.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock valued at $406,000 after purchasing an additional 1,961 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 374.1% during the second quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after purchasing an additional 39,719 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth $216,000. Diversify Wealth Management LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth $344,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during the second quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock worth $30,005,000 after purchasing an additional 25,039 shares during the period.
SPDR Bloomberg Convertible Securities ETF Stock Performance
NYSEARCA:CWB opened at $101.49 on Monday. The firm’s fifty day moving average price is $106.21 and its 200 day moving average price is $98.85. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $83.18 and a 1-year high of $112.02.
About SPDR Bloomberg Convertible Securities ETF
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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