Delta Capital Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 1,186,000 shares of the exchange traded fund’s stock, valued at approximately $119,999,000. SPDR Bloomberg Convertible Securities ETF accounts for 36.8% of Delta Capital Management LLC’s investment portfolio, making the stock its biggest holding.
A number of other institutional investors and hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $39,000. Western Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth $38,000. Financial Management Professionals Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $46,000. Bayban purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $56,000. Finally, American National Bank & Trust purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $65,000.
SPDR Bloomberg Convertible Securities ETF Stock Down 2.1%
NYSEARCA:CWB opened at $95.04 on Friday. The firm’s 50 day moving average is $102.18 and its two-hundred day moving average is $102.88. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $85.37 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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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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