First Trust Advisors LP Makes New Investment in SPDR Bloomberg Convertible Securities ETF $CWB

First Trust Advisors LP acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWBFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 19,867 shares of the exchange traded fund’s stock, valued at approximately $1,818,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. High Point Wealth Management LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $26,000. Arax Advisory Partners bought a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at $36,000. Copia Wealth Management acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at $43,000. Finally, Creative Financial Designs Inc. ADV raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 264.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 586 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 425 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Up 1.0%

NYSEARCA:CWB opened at $103.86 on Friday. The company has a 50-day moving average of $105.31 and a 200-day moving average of $99.91. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $84.02 and a 52 week high of $112.02.

SPDR Bloomberg Convertible Securities ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

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