SPDR Bloomberg Convertible Securities ETF $CWB Shares Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates increased its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 603.9% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,291 shares of the exchange traded fund’s stock after buying an additional 25,130 shares during the quarter. Dorsey Wright & Associates’ holdings in SPDR Bloomberg Convertible Securities ETF were worth $2,681,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $26,000. Arax Advisory Partners acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth about $30,000. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $36,000. Highline Wealth Partners LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $39,000. Finally, Copia Wealth Management bought a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $43,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.0%

Shares of CWB stock opened at $101.49 on Friday. The stock has a fifty day moving average of $106.21 and a two-hundred day moving average of $98.79. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $83.18 and a 1 year high of $112.02.

About SPDR Bloomberg Convertible Securities ETF

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.