23,912 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Acquired by Talon Private Wealth LLC

Talon Private Wealth LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 1st quarter, Holdings Channel reports. The firm acquired 23,912 shares of the exchange traded fund’s stock, valued at approximately $2,188,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWB. Bank of America Corp DE raised its holdings in SPDR Bloomberg Convertible Securities ETF by 0.5% during the third quarter. Bank of America Corp DE now owns 2,634,532 shares of the exchange traded fund’s stock worth $238,425,000 after purchasing an additional 13,467 shares during the last quarter. LPL Financial LLC grew its holdings in SPDR Bloomberg Convertible Securities ETF by 2.3% in the fourth quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after purchasing an additional 35,217 shares during the last quarter. Wells Fargo & Company MN grew its holdings in SPDR Bloomberg Convertible Securities ETF by 3.4% in the fourth quarter. Wells Fargo & Company MN now owns 1,483,024 shares of the exchange traded fund’s stock valued at $132,286,000 after purchasing an additional 48,840 shares during the last quarter. Bessemer Group Inc. increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% in the first quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after buying an additional 83,758 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 15.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock valued at $92,957,000 after buying an additional 142,387 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.0%

NYSEARCA:CWB opened at $100.31 on Wednesday. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $83.18 and a 52-week high of $112.02. The stock has a fifty day simple moving average of $105.87 and a 200-day simple moving average of $99.42.

About SPDR Bloomberg Convertible Securities ETF

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.