1,493 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Bought by Phillips Financial Management LLC

Phillips Financial Management LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the second quarter, HoldingsChannel reports. The firm acquired 1,493 shares of the exchange traded fund’s stock, valued at approximately $123,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ameriprise Financial Inc. grew its position in SPDR Bloomberg Convertible Securities ETF by 34.1% in the first quarter. Ameriprise Financial Inc. now owns 1,345,622 shares of the exchange traded fund’s stock valued at $103,121,000 after purchasing an additional 341,981 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in SPDR Bloomberg Convertible Securities ETF by 43.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 205,107 shares of the exchange traded fund’s stock valued at $17,044,000 after purchasing an additional 61,779 shares in the last quarter. Simplicity Wealth LLC grew its position in SPDR Bloomberg Convertible Securities ETF by 118.0% in the second quarter. Simplicity Wealth LLC now owns 72,844 shares of the exchange traded fund’s stock valued at $6,021,000 after purchasing an additional 39,424 shares in the last quarter. Elevation Capital Advisory LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $3,112,000. Finally, H&H Retirement Design & Management INC grew its position in SPDR Bloomberg Convertible Securities ETF by 7.3% in the second quarter. H&H Retirement Design & Management INC now owns 410,452 shares of the exchange traded fund’s stock valued at $34,872,000 after purchasing an additional 27,962 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.3%

SPDR Bloomberg Convertible Securities ETF stock opened at $90.84 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $70.56 and a 1-year high of $94.34. The company has a fifty day simple moving average of $89.03 and a 200 day simple moving average of $83.44.

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.