128,877 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Bought by Modera Wealth Management LLC

Modera Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 128,877 shares of the exchange traded fund’s stock, valued at approximately $13,040,000.

Several other large investors have also modified their holdings of the company. Powell Investment Advisors LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.3% during the third quarter. Powell Investment Advisors LLC now owns 30,423 shares of the exchange traded fund’s stock worth $3,078,000 after acquiring an additional 106 shares during the last quarter. HB Wealth Management LLC raised its position in SPDR Bloomberg Convertible Securities ETF by 1.1% in the 2nd quarter. HB Wealth Management LLC now owns 10,414 shares of the exchange traded fund’s stock valued at $1,123,000 after purchasing an additional 110 shares during the last quarter. Balefire LLC raised its position in SPDR Bloomberg Convertible Securities ETF by 8.0% in the 1st quarter. Balefire LLC now owns 3,598 shares of the exchange traded fund’s stock valued at $329,000 after purchasing an additional 266 shares during the last quarter. Nilsine Partners LLC raised its position in SPDR Bloomberg Convertible Securities ETF by 0.8% in the 2nd quarter. Nilsine Partners LLC now owns 38,128 shares of the exchange traded fund’s stock valued at $4,111,000 after purchasing an additional 306 shares during the last quarter. Finally, Sage Rhino Capital LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 2.8% during the 1st quarter. Sage Rhino Capital LLC now owns 11,561 shares of the exchange traded fund’s stock worth $1,058,000 after purchasing an additional 310 shares during the period.

SPDR Bloomberg Convertible Securities ETF Trading Down 1.9%

Shares of NYSEARCA:CWB opened at $94.73 on Friday. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $85.37 and a 1-year high of $112.02. The firm has a fifty day moving average price of $100.39 and a 200 day moving average price of $100.12.

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. 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.