SPDR Bloomberg Convertible Securities ETF $CWB Stock Bought by Howard Capital Management LLC

Howard Capital Management LLC raised its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 1.3% in the 3rd quarter, Holdings Channel reports. The fund owned 2,020,000 shares of the exchange traded fund’s stock after acquiring an additional 26,904 shares during the period. SPDR Bloomberg Convertible Securities ETF accounts for approximately 2.2% of Howard Capital Management LLC’s holdings, making the stock its 12th biggest position. Howard Capital Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $204,384,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at about $39,000. Western Wealth Management LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the first quarter worth about $38,000. Financial Management Professionals Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF during the second quarter worth about $46,000. Bayban purchased a new position in SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth about $56,000. Finally, American National Bank & Trust purchased a new position in SPDR Bloomberg Convertible Securities ETF during the third quarter worth about $65,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 2.1%

CWB stock traded down $2.05 on Friday, reaching $95.04. 1,523,755 shares of the company’s stock were exchanged, compared to its average volume of 896,344. The stock has a fifty day moving average of $102.18 and a 200-day moving average of $102.88. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $85.37 and a twelve month 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.