Gateway Wealth Partners LLC Makes New $634,000 Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Gateway Wealth Partners LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 1st quarter, Holdings Channel.com reports. The fund acquired 6,932 shares of the exchange traded fund’s stock, valued at approximately $634,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CWB. Sentinel Advisory Group LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at $3,452,000. Renaissance Technologies LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth $1,117,000. Hilltop Holdings Inc. increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 46.1% in the first quarter. Hilltop Holdings Inc. now owns 3,348 shares of the exchange traded fund’s stock worth $306,000 after purchasing an additional 1,057 shares during the period. First Trust Advisors LP bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter worth $1,818,000. Finally, Balefire LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 8.0% in the first quarter. Balefire LLC now owns 3,598 shares of the exchange traded fund’s stock valued at $329,000 after purchasing an additional 266 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Up 3.2%

CWB stock opened at $101.49 on Friday. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $83.18 and a 52 week high of $112.02. The business 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 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.