NewEdge Advisors LLC Lowers Position in SPDR Bloomberg Convertible Securities ETF $CWB

NewEdge Advisors LLC decreased its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 83.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,272 shares of the exchange traded fund’s stock after selling 76,014 shares during the quarter. NewEdge Advisors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,398,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CWB. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock valued at $5,065,000 after purchasing an additional 6,322 shares during the last quarter. Liberty Atlantic Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth about $457,000. LPL Financial LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% in the fourth quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock worth $140,830,000 after purchasing an additional 35,217 shares during the last quarter. Emissary Wealth LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth about $2,462,000. Finally, Brindle & Bay Financial Advisors LLC increased its stake in SPDR Bloomberg Convertible Securities ETF by 12.5% in the 1st quarter. Brindle & Bay Financial Advisors LLC now owns 56,593 shares of the exchange traded fund’s stock worth $5,179,000 after acquiring an additional 6,300 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB opened at $106.60 on Monday. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $84.02 and a 1 year high of $112.02. The business’s 50 day simple moving average is $104.94 and its 200-day simple moving average is $100.36.

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.