New York Life Investment Management LLC trimmed its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 472,893 shares of the exchange traded fund’s stock after selling 33,584 shares during the quarter. New York Life Investment Management LLC owned 0.88% of SPDR Bloomberg Convertible Securities ETF worth $42,182,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. High Point Wealth Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $26,000. Highline Wealth Partners LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $39,000. Glassy Mountain Advisors Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth $52,000. Harbor Investment Advisory LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth about $53,000. Finally, Rossby Financial LCC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 19.8% during the 3rd quarter. Rossby Financial LCC now owns 1,004 shares of the exchange traded fund’s stock worth $92,000 after purchasing an additional 166 shares during the period.
SPDR Bloomberg Convertible Securities ETF Stock Up 0.5%
Shares of CWB opened at $106.57 on Friday. The company has a 50-day simple moving average of $96.95 and a 200-day simple moving average of $93.73. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $79.13 and a 52 week high of $107.05.
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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