Ocean Park Asset Management LLC grew its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) by 75.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,475 shares of the exchange traded fund’s stock after buying an additional 18,250 shares during the quarter. Ocean Park Asset Management LLC owned 0.09% of SPDR Bloomberg Convertible Securities ETF worth $3,887,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. High Point Wealth Management LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $26,000. Arax Advisory Partners bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $36,000. Highline Wealth Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth $39,000. Finally, Copia Wealth Management purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $43,000.
SPDR Bloomberg Convertible Securities ETF Price Performance
Shares of CWB stock opened at $110.58 on Monday. The stock’s 50-day simple moving average is $104.30 and its 200-day simple moving average is $96.71. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $80.00 and a fifty-two week high of $112.02.
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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