ARK & TLK Investments LLC Makes New $1.22 Million Investment in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

ARK & TLK Investments LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 16,968 shares of the exchange traded fund’s stock, valued at approximately $1,224,000.

Several other large investors have also modified their holdings of CWB. Baystate Wealth Management LLC increased its position in SPDR Bloomberg Convertible Securities ETF by 124.5% during the fourth quarter. Baystate Wealth Management LLC now owns 907 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 503 shares during the last quarter. Comerica Bank grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 13.8% during the 4th quarter. Comerica Bank now owns 17,215 shares of the exchange traded fund’s stock valued at $1,242,000 after buying an additional 2,086 shares during the period. Waterloo Capital L.P. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $232,000. Jones Financial Companies Lllp purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $264,000. Finally, MeadowBrook Investment Advisors LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $322,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.5 %

Shares of NYSEARCA CWB traded down $0.39 during trading on Friday, hitting $71.52. 303,192 shares of the company traded hands, compared to its average volume of 516,903. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $64.56 and a 1 year high of $73.43. The company has a 50-day moving average price of $71.48 and a 200-day moving average price of $71.45.

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.