Assetmark Inc. trimmed its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) by 7.5% during the first quarter, HoldingsChannel.com reports. The fund owned 842,982 shares of the exchange traded fund’s stock after selling 68,772 shares during the period. Assetmark Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $77,150,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWB. High Point Wealth Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $26,000. Arax Advisory Partners acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth about $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at about $36,000. Highline Wealth Partners LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth about $39,000. Finally, Copia Wealth Management acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $43,000.
SPDR Bloomberg Convertible Securities ETF Stock Performance
CWB stock opened at $101.49 on Friday. The business has a 50 day moving average price of $106.21 and a two-hundred day moving average price of $98.79. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $83.18 and a twelve month high of $112.02.
SPDR Bloomberg Convertible Securities ETF 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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Want to see what other hedge funds are holding CWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report).
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