Brindle & Bay Financial Advisors LLC Purchases 6,300 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Brindle & Bay Financial Advisors LLC lifted its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 12.5% during the first quarter, Holdings Channel reports. The institutional investor owned 56,593 shares of the exchange traded fund’s stock after buying an additional 6,300 shares during the quarter. SPDR Bloomberg Convertible Securities ETF makes up approximately 3.2% of Brindle & Bay Financial Advisors LLC’s investment portfolio, making the stock its 9th largest position. Brindle & Bay Financial Advisors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $5,179,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jane Street Group LLC raised its position in SPDR Bloomberg Convertible Securities ETF by 406.6% in the fourth quarter. Jane Street Group LLC now owns 548,444 shares of the exchange traded fund’s stock worth $48,921,000 after acquiring an additional 440,188 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 76.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after purchasing an additional 346,925 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 37.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock valued at $81,426,000 after purchasing an additional 244,707 shares in the last quarter. Horizon Investments LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 254.9% during the 3rd quarter. Horizon Investments LLC now owns 301,023 shares of the exchange traded fund’s stock valued at $27,182,000 after purchasing an additional 216,213 shares in the last quarter. Finally, Aegis Wealth Management Inc. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $12,287,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA CWB opened at $105.24 on Monday. The company’s 50 day simple moving average is $106.31 and its 200 day simple moving average is $98.41. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $83.18 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.