128,877 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Purchased by Modera Wealth Management LLC

Modera Wealth Management LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 128,877 shares of the exchange traded fund’s stock, valued at approximately $13,040,000. Modera Wealth Management LLC owned about 0.23% of SPDR Bloomberg Convertible Securities ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $39,000. Western Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at $38,000. Financial Management Professionals Inc. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at $46,000. Root Financial Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $63,000. Finally, American National Bank & Trust acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth $65,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 1.9%

Shares of NYSEARCA:CWB opened at $94.73 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $85.37 and a 12 month high of $112.02. The company’s fifty day moving average price is $100.39 and its 200 day moving average price is $100.12.

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.