Towerpoint Wealth LLC Raises Holdings in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

Towerpoint Wealth LLC lifted its stake in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 3.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 133,236 shares of the exchange traded fund’s stock after acquiring an additional 4,595 shares during the period. SPDR Bloomberg Barclays Convertible Securities ETF accounts for about 4.7% of Towerpoint Wealth LLC’s investment portfolio, making the stock its 8th largest position. Towerpoint Wealth LLC’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $6,988,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CWB. Lowe Wealth Advisors LLC bought a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 2nd quarter valued at approximately $36,000. Investors Research Corp bought a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 2nd quarter valued at approximately $38,000. HM Payson & Co. bought a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 2nd quarter valued at approximately $43,000. BNP Paribas Arbitrage SA increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 107.1% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,027 shares of the exchange traded fund’s stock worth $54,000 after buying an additional 531 shares during the period. Finally, Creative Financial Designs Inc. ADV increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 1,171.7% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 1,170 shares of the exchange traded fund’s stock worth $60,000 after buying an additional 1,078 shares during the period.

NYSEARCA CWB traded up $0.17 during trading on Friday, hitting $53.65. The company’s stock had a trading volume of 549,261 shares, compared to its average volume of 796,028. The firm has a 50 day moving average price of $52.78 and a 200 day moving average price of $52.69. SPDR Bloomberg Barclays Convertible Securities ETF has a 52 week low of $45.13 and a 52 week high of $54.22.

SPDR Bloomberg Barclays 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.

See Also: Overbought

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Institutional Ownership by Quarter for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

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