Estate Counselors LLC Buys 96,844 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Estate Counselors LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 72.7% during the 1st quarter, Holdings Channel reports. The fund owned 230,144 shares of the exchange traded fund’s stock after purchasing an additional 96,844 shares during the quarter. SPDR Bloomberg Convertible Securities ETF makes up about 1.9% of Estate Counselors LLC’s investment portfolio, making the stock its 8th largest position. Estate Counselors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $21,063,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock worth $5,065,000 after acquiring an additional 6,322 shares during the period. Liberty Atlantic Advisors LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at about $457,000. LPL Financial LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after acquiring an additional 35,217 shares during the period. Emissary Wealth LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $2,462,000. Finally, Annex Advisory Services LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $534,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.1%

NYSEARCA CWB opened at $101.34 on Tuesday. The stock has a 50-day moving average of $105.91 and a 200 day moving average of $99.36. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $83.18 and a twelve month 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.