XML Financial LLC reduced its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) by 2.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 181,451 shares of the exchange traded fund’s stock after selling 5,072 shares during the period. SPDR Bloomberg Convertible Securities ETF makes up about 1.4% of XML Financial LLC’s portfolio, making the stock its 14th biggest holding. XML Financial LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $19,564,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of CWB. Arax Advisory Partners acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth about $36,000. Western Wealth Management LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at about $38,000. Copia Wealth Management purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at about $43,000. Finally, Financial Management Professionals Inc. acquired a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $46,000.
SPDR Bloomberg Convertible Securities ETF Trading Down 1.2%
Shares of NYSEARCA:CWB opened at $100.95 on Wednesday. The firm’s 50-day moving average is $103.88 and its two-hundred day moving average is $101.16. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $85.37 and a 1 year 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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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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