Fortis Group Advisors LLC Takes Position in SPDR Bloomberg Convertible Securities ETF $CWB

Fortis Group Advisors LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 12,067 shares of the exchange traded fund’s stock, valued at approximately $1,127,000.

Other large investors also recently added to or reduced their stakes in the company. High Point Wealth Management LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $26,000. Highline Wealth Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $39,000. Glassy Mountain Advisors Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth $52,000. Creative Financial Designs Inc. ADV raised its position in SPDR Bloomberg Convertible Securities ETF by 264.0% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 586 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 425 shares during the period. Finally, Harbor Investment Advisory LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $53,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 2.2%

Shares of NYSEARCA:CWB opened at $105.37 on Friday. The company’s fifty day moving average is $98.03 and its 200 day moving average is $94.09. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $79.13 and a 52 week high of $107.04.

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.