Cetera Investment Advisers Sells 1,313,437 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Cetera Investment Advisers lessened its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 91.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,412 shares of the exchange traded fund’s stock after selling 1,313,437 shares during the quarter. Cetera Investment Advisers’ holdings in SPDR Bloomberg Convertible Securities ETF were worth $11,112,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in CWB. Jane Street Group LLC increased its position in SPDR Bloomberg Convertible Securities ETF by 406.6% in the fourth quarter. Jane Street Group LLC now owns 548,444 shares of the exchange traded fund’s stock worth $48,921,000 after purchasing an additional 440,188 shares during the period. Ameriprise Financial Inc. lifted its position in SPDR Bloomberg Convertible Securities ETF by 76.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after purchasing an additional 346,925 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 37.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock valued at $81,426,000 after purchasing an additional 244,707 shares during the last quarter. Horizon Investments LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 254.9% during the 3rd quarter. Horizon Investments LLC now owns 301,023 shares of the exchange traded fund’s stock worth $27,182,000 after buying an additional 216,213 shares during the period. Finally, Aegis Wealth Management Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $12,287,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB opened at $101.49 on Friday. The firm has a 50 day simple moving average of $105.69 and a 200 day simple moving average of $99.53. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $83.18 and a fifty-two week 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.