SPDR Bloomberg Convertible Securities ETF $CWB Shares Newly Bought by Arrow Investment Advisors LLC

Arrow Investment Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 12,123 shares of the exchange traded fund’s stock, valued at approximately $1,227,000. SPDR Bloomberg Convertible Securities ETF accounts for 1.1% of Arrow Investment Advisors LLC’s portfolio, making the stock its 15th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Powell Investment Advisors LLC lifted its stake 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 valued at $3,078,000 after buying an additional 106 shares during the period. HB Wealth Management LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 1.1% during the second 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. TFB Advisors LLC lifted its position in SPDR Bloomberg Convertible Securities ETF by 2.5% in the 3rd quarter. TFB Advisors LLC now owns 6,169 shares of the exchange traded fund’s stock worth $624,000 after buying an additional 151 shares in the last quarter. Balefire LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 8.0% during the 1st quarter. Balefire LLC now owns 3,598 shares of the exchange traded fund’s stock worth $329,000 after purchasing an additional 266 shares during the last quarter. Finally, Nilsine Partners LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 0.8% during the second quarter. Nilsine Partners LLC now owns 38,128 shares of the exchange traded fund’s stock worth $4,111,000 after acquiring an additional 306 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of CWB stock opened at $91.35 on Friday. The company’s 50 day moving average price is $99.28 and its two-hundred day moving average price is $100.09. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $85.37 and a 52 week 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.