SPDR Bloomberg Convertible Securities ETF $CWB Shares Acquired by LPL Financial LLC

LPL Financial LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 2.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 1,578,806 shares of the exchange traded fund’s stock after purchasing an additional 35,217 shares during the period. LPL Financial LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $140,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bank of America Corp DE increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.5% in the third quarter. Bank of America Corp DE now owns 2,634,532 shares of the exchange traded fund’s stock valued at $238,425,000 after purchasing an additional 13,467 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 15.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock valued at $92,957,000 after purchasing an additional 142,387 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 76.1% in the third 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 last quarter. PNC Financial Services Group Inc. increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 782,173 shares of the exchange traded fund’s stock valued at $69,770,000 after purchasing an additional 3,557 shares during the last quarter. Finally, Goodman Advisory Group LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 9.1% in the third quarter. Goodman Advisory Group LLC now owns 543,340 shares of the exchange traded fund’s stock valued at $49,172,000 after purchasing an additional 45,353 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.3%

NYSEARCA:CWB opened at $103.36 on Thursday. SPDR Bloomberg Convertible Securities ETF has a one year low of $80.00 and a one year high of $112.02. The stock has a 50 day moving average price of $102.13 and a 200 day moving average price of $95.74.

SPDR Bloomberg Convertible Securities ETF Company 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.