Northwestern Mutual Wealth Management Co. Purchases 142,387 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 15.8% during the fourth quarter, HoldingsChannel reports. The firm owned 1,042,121 shares of the exchange traded fund’s stock after purchasing an additional 142,387 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $92,957,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CWB. Win Advisors Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $919,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $1,096,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock valued at $5,065,000 after purchasing an additional 6,322 shares during the last quarter. Thrivent Financial for Lutherans bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $3,227,000. Finally, Goodman Advisory Group LLC raised its position in SPDR Bloomberg Convertible Securities ETF by 9.1% in the 3rd quarter. Goodman Advisory Group LLC now owns 543,340 shares of the exchange traded fund’s stock worth $49,172,000 after purchasing an additional 45,353 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA CWB opened at $108.10 on Friday. The company has a 50-day simple moving average of $99.68 and a two-hundred day simple moving average of $94.69. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $79.13 and a 12-month high of $108.21.

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.