Sigma Planning Corp purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,362 shares of the exchange traded fund’s stock, valued at approximately $1,048,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Citizens Financial Group Inc. RI bought a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $234,000. Simplicity Wealth LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 3.9% during the 3rd quarter. Simplicity Wealth LLC now owns 22,720 shares of the exchange traded fund’s stock worth $2,299,000 after acquiring an additional 863 shares during the last quarter. NTV Asset Management LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $9,555,000. Sowell Financial Services LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth $2,623,000. Finally, Capital Investment Advisors LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth $204,000.
SPDR Bloomberg Convertible Securities ETF Trading Down 0.7%
CWB stock opened at $96.58 on Friday. The business’s 50-day moving average price is $100.57 and its two-hundred day moving average price is $100.11. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $85.37 and a 1-year 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.
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