5,401 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Purchased by MV Capital Management Inc.

MV Capital Management Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 5,401 shares of the exchange traded fund’s stock, valued at approximately $482,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Stablepoint Partners LLC grew its position in SPDR Bloomberg Convertible Securities ETF by 1.2% in the 4th quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock worth $817,000 after purchasing an additional 111 shares during the last quarter. Money Concepts Capital Corp increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 3.5% in the fourth quarter. Money Concepts Capital Corp now owns 3,343 shares of the exchange traded fund’s stock valued at $298,000 after purchasing an additional 112 shares during the period. Intrust Bank NA raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% during the third quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock valued at $971,000 after buying an additional 125 shares during the last quarter. Chicago Partners Investment Group LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 45,855 shares of the exchange traded fund’s stock valued at $4,305,000 after buying an additional 125 shares during the last quarter. Finally, Powell Investment Advisors LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.4% during the fourth quarter. Powell Investment Advisors LLC now owns 30,662 shares of the exchange traded fund’s stock worth $2,735,000 after buying an additional 133 shares during the period.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.9%

Shares of NYSEARCA CWB opened at $110.58 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $80.00 and a 12-month high of $112.02. The stock has a 50 day simple moving average of $104.02 and a 200-day simple moving average of $96.57.

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.