Sowell Financial Services LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 51,334 shares of the exchange traded fund’s stock, valued at approximately $5,194,000. Sowell Financial Services LLC owned about 0.09% of SPDR Bloomberg Convertible Securities ETF as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CWB. HB Wealth Management LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 1.1% during the 2nd quarter. HB Wealth Management LLC now owns 10,414 shares of the exchange traded fund’s stock worth $1,123,000 after buying an additional 110 shares during the last quarter. Balefire LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 8.0% in the 1st quarter. Balefire LLC now owns 3,598 shares of the exchange traded fund’s stock valued at $329,000 after buying an additional 266 shares during the last quarter. Nilsine Partners LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 0.8% during the 2nd quarter. Nilsine Partners LLC now owns 38,128 shares of the exchange traded fund’s stock worth $4,111,000 after acquiring an additional 306 shares in the last quarter. Sage Rhino Capital LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 2.8% during the 1st quarter. Sage Rhino Capital LLC now owns 11,561 shares of the exchange traded fund’s stock worth $1,058,000 after acquiring an additional 310 shares in the last quarter. Finally, Certified Advisory Corp raised its stake in SPDR Bloomberg Convertible Securities ETF by 6.6% during the 1st quarter. Certified Advisory Corp now owns 5,191 shares of the exchange traded fund’s stock worth $475,000 after acquiring an additional 323 shares in the last quarter.
SPDR Bloomberg Convertible Securities ETF Price Performance
Shares of CWB opened at $96.70 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $85.37 and a 1-year high of $112.02. The firm has a fifty day moving average price of $101.67 and a 200 day moving average price of $103.05.
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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