Worth Asset Management LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) by 450.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,086 shares of the exchange traded fund’s stock after purchasing an additional 13,982 shares during the period. Worth Asset Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,842,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in CWB. Qube Research & Technologies Ltd increased its position in SPDR Bloomberg Convertible Securities ETF by 66.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock valued at $406,000 after buying an additional 1,961 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 374.1% in the second quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after acquiring an additional 39,719 shares in the last quarter. Diversify Advisory Services LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $216,000. Diversify Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $344,000. Finally, Raymond James Financial Inc. grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during the second quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock worth $30,005,000 after acquiring an additional 25,039 shares during the last quarter.
SPDR Bloomberg Convertible Securities ETF Stock Performance
Shares of CWB stock opened at $103.86 on Friday. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $84.02 and a fifty-two week high of $112.02. The stock’s 50-day simple moving average is $105.31 and its 200-day simple moving average is $99.91.
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.
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