Private Advisor Group LLC Trims Position in SPDR Bloomberg Convertible Securities ETF $CWB

Private Advisor Group LLC lowered its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 31.3% during the first quarter, Holdings Channel reports. The fund owned 65,025 shares of the exchange traded fund’s stock after selling 29,630 shares during the quarter. Private Advisor Group LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $5,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd raised its holdings in SPDR Bloomberg Convertible Securities ETF by 66.4% in the 2nd quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock valued at $406,000 after acquiring an additional 1,961 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 374.1% during the second quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after purchasing an additional 39,719 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $216,000. Diversify Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $344,000. Finally, Raymond James Financial Inc. increased its stake in SPDR Bloomberg Convertible Securities ETF by 7.4% in the second quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock valued at $30,005,000 after purchasing an additional 25,039 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA CWB traded down $1.41 during trading hours on Tuesday, hitting $103.92. 49,376 shares of the company’s stock were exchanged, compared to its average volume of 1,045,793. The business’s 50 day moving average is $105.93 and its 200-day moving average is $97.98. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $82.78 and a 12-month high of $112.02.

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.