Nomura Asset Management Co. Ltd. Sells 30,621 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Nomura Asset Management Co. Ltd. trimmed its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 29.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 75,056 shares of the exchange traded fund’s stock after selling 30,621 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $6,695,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of CWB. Ameriprise Financial Inc. raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 76.1% during the third quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after acquiring an additional 346,925 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 37.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock valued at $81,426,000 after acquiring an additional 244,707 shares during the last quarter. Horizon Investments LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 254.9% during the third quarter. Horizon Investments LLC now owns 301,023 shares of the exchange traded fund’s stock valued at $27,182,000 after acquiring an additional 216,213 shares during the last quarter. Aegis Wealth Management Inc. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at about $12,287,000. Finally, PFG Advisors bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $8,237,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.2%

Shares of NYSEARCA:CWB opened at $109.46 on Thursday. The company has a 50-day moving average price of $100.70 and a 200-day moving average price of $95.11. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $80.00 and a 12 month high of $112.02.

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.