Sowell Financial Services LLC Makes New $2.62 Million Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Sowell Financial Services LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, HoldingsChannel reports. The firm bought 25,929 shares of the exchange traded fund’s stock, valued at approximately $2,623,000.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE boosted its stake in SPDR Bloomberg Convertible Securities ETF by 1.0% in the 1st quarter. Bank of America Corp DE now owns 2,654,014 shares of the exchange traded fund’s stock worth $242,895,000 after purchasing an additional 26,717 shares during the period. Howard Capital Management LLC grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 1.3% in the 3rd quarter. Howard Capital Management LLC now owns 2,020,000 shares of the exchange traded fund’s stock valued at $204,384,000 after acquiring an additional 26,904 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in SPDR Bloomberg Convertible Securities ETF by 346.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,004,950 shares of the exchange traded fund’s stock valued at $216,174,000 after purchasing an additional 1,555,591 shares in the last quarter. Bessemer Group Inc. increased its holdings in SPDR Bloomberg Convertible Securities ETF by 7.4% during the first quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock worth $111,278,000 after buying an additional 83,758 shares during the last quarter. Finally, Delta Capital Management LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth about $119,999,000.

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 stock has a 50 day moving average of $100.39 and a 200-day moving average of $100.12.

About SPDR Bloomberg Convertible Securities ETF

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.