SPDR Bloomberg Convertible Securities ETF $CWB Shares Sold by Modera Wealth Management LLC

Modera Wealth Management LLC lowered its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 6.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 131,389 shares of the exchange traded fund’s stock after selling 8,942 shares during the period. Modera Wealth Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $12,025,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Main Street Group LTD purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth about $98,000. Bessemer Group Inc. grew its stake in SPDR Bloomberg Convertible Securities ETF by 7.4% in the 1st quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after acquiring an additional 83,758 shares during the last quarter. Independent Financial Group LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at about $1,460,000. Wealthfront Advisers LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at about $210,000. Finally, D.A. Davidson & CO. increased its holdings in SPDR Bloomberg Convertible Securities ETF by 83.6% during the 1st quarter. D.A. Davidson & CO. now owns 13,495 shares of the exchange traded fund’s stock valued at $1,235,000 after acquiring an additional 6,145 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of CWB opened at $101.49 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $83.18 and a 12-month high of $112.02. The company has a 50-day moving average of $106.21 and a two-hundred day moving average of $98.79.

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.