Tucker Asset Management LLC Purchases New Position in SPDR Bloomberg Convertible Securities ETF $CWB

Tucker Asset Management LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 18,295 shares of the exchange traded fund’s stock, valued at approximately $1,973,000.

Other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after acquiring an additional 35,217 shares during the last quarter. Brindle & Bay Financial Advisors LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% during the 1st quarter. Brindle & Bay Financial Advisors LLC now owns 56,593 shares of the exchange traded fund’s stock valued at $5,179,000 after acquiring an additional 6,300 shares in the last quarter. Midwest Professional Planners LTD. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at $3,564,000. Dorsey Wright & Associates grew its position in SPDR Bloomberg Convertible Securities ETF by 603.9% during the 1st quarter. Dorsey Wright & Associates now owns 29,291 shares of the exchange traded fund’s stock worth $2,681,000 after acquiring an additional 25,130 shares during the last quarter. Finally, Hyundai Investments Co. Ltd. bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth $453,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB opened at $102.95 on Monday. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $85.37 and a 12-month high of $112.02. The business has a 50-day simple moving average of $103.61 and a two-hundred day simple moving average of $101.32.

About SPDR Bloomberg Convertible Securities ETF

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.