Stephens Inc. AR Reduces Stake in SPDR Bloomberg Convertible Securities ETF $CWB

Stephens Inc. AR decreased its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 91.3% during the second quarter, HoldingsChannel.com reports. The firm owned 8,359 shares of the exchange traded fund’s stock after selling 87,334 shares during the period. Stephens Inc. AR’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $691,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. M3 Advisory Group LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 1.7% during the 2nd quarter. M3 Advisory Group LLC now owns 10,267 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 167 shares in the last quarter. ST Germain D J Co. Inc. lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 73.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 2,143 shares of the exchange traded fund’s stock worth $177,000 after purchasing an additional 909 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 0.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 156,413 shares of the exchange traded fund’s stock worth $12,929,000 after purchasing an additional 934 shares in the last quarter. Almanack Investment Partners LLC. purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $377,000. Finally, Exchange Traded Concepts LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $1,924,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA CWB opened at $92.83 on Friday. The stock’s 50-day simple moving average is $89.31 and its two-hundred day simple moving average is $83.71. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $70.56 and a twelve month high of $94.34.

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.