26,904 SPDR Bloomberg Convertible Securities ETF $CWB Shares Purchased by Howard Capital Management LLC

Howard Capital Management LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 1.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,020,000 shares of the exchange traded fund’s stock after buying an additional 26,904 shares during the period. SPDR Bloomberg Convertible Securities ETF makes up 2.2% of Howard Capital Management LLC’s investment portfolio, making the stock its 12th largest holding. Howard Capital Management LLC owned about 3.70% of SPDR Bloomberg Convertible Securities ETF worth $204,384,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CWB. Brindle & Bay Financial Advisors LLC lifted its position in SPDR Bloomberg Convertible Securities ETF by 12.5% in the first quarter. Brindle & Bay Financial Advisors LLC now owns 56,593 shares of the exchange traded fund’s stock valued at $5,179,000 after acquiring an additional 6,300 shares during the last quarter. Renaissance Technologies LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the first quarter worth about $1,117,000. Dorsey Wright & Associates grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 603.9% during the first quarter. Dorsey Wright & Associates now owns 29,291 shares of the exchange traded fund’s stock worth $2,681,000 after purchasing an additional 25,130 shares during the last quarter. Midwest Professional Planners LTD. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the first quarter worth about $3,564,000. Finally, Independent Financial Group LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the first quarter worth about $1,460,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA CWB traded down $2.05 on Friday, reaching $95.04. The stock had a trading volume of 1,523,755 shares, compared to its average volume of 896,344. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $85.37 and a 12-month high of $112.02. The business’s 50-day moving average price is $102.18 and its 200 day moving average price is $102.88.

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.