SPDR Bloomberg Convertible Securities ETF $CWB Shares Purchased by Paulson Wealth Management Inc.

Paulson Wealth Management Inc. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 12.8% during the third quarter, Holdings Channel reports. The firm owned 161,948 shares of the exchange traded fund’s stock after buying an additional 18,402 shares during the quarter. SPDR Bloomberg Convertible Securities ETF comprises approximately 3.5% of Paulson Wealth Management Inc.’s holdings, making the stock its 7th biggest position. Paulson Wealth Management Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $14,656,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Ocean Park Asset Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth about $51,928,000. Goodman Advisory Group LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at about $41,164,000. Estate Counselors LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $11,647,000. RWA Wealth Partners LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1,917.3% during the 2nd quarter. RWA Wealth Partners LLC now owns 75,628 shares of the exchange traded fund’s stock worth $6,251,000 after purchasing an additional 71,879 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 655,027 shares of the exchange traded fund’s stock worth $54,145,000 after purchasing an additional 69,970 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.9%

Shares of NYSEARCA:CWB opened at $95.73 on Thursday. The business’s fifty day moving average price is $91.09 and its two-hundred day moving average price is $89.41. SPDR Bloomberg Convertible Securities ETF has a one year low of $70.56 and a one year high of $96.17.

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.