NTV Asset Management LLC Makes New $9.55 Million Investment in SPDR Bloomberg Convertible Securities ETF $CWB

NTV Asset Management LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, Holdings Channel reports. The institutional investor bought 94,433 shares of the exchange traded fund’s stock, valued at approximately $9,555,000. SPDR Bloomberg Convertible Securities ETF accounts for approximately 0.9% of NTV Asset Management LLC’s investment portfolio, making the stock its 27th largest position.

Several other institutional investors have also recently added to or reduced their stakes in CWB. Sowell Financial Services LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $2,623,000. Capital Investment Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth $204,000. Capital City Trust Co. FL acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at $1,470,000. Brookstone Capital Management acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at $2,282,000. Finally, Root Financial Partners LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at $63,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

SPDR Bloomberg Convertible Securities ETF stock opened at $95.15 on Friday. The stock has a 50-day simple moving average of $101.22 and a 200 day simple moving average of $103.01. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $85.37 and a 12-month high of $112.02.

SPDR Bloomberg Convertible Securities ETF Company 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.