Hershey Financial Advisers LLC Has $4.66 Million Stock Position in SPDR Bloomberg Convertible Securities ETF $CWB

Hershey Financial Advisers LLC increased its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 25.5% during the first quarter, HoldingsChannel.com reports. The fund owned 50,884 shares of the exchange traded fund’s stock after buying an additional 10,330 shares during the period. SPDR Bloomberg Convertible Securities ETF makes up approximately 4.0% of Hershey Financial Advisers LLC’s holdings, making the stock its 3rd biggest position. Hershey Financial Advisers LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $4,657,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Dorsey Wright & Associates raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 603.9% during the first quarter. Dorsey Wright & Associates now owns 29,291 shares of the exchange traded fund’s stock worth $2,681,000 after purchasing an additional 25,130 shares during the period. Main Street Group LTD acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at $98,000. Bessemer Group Inc. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% in the 1st quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after purchasing an additional 83,758 shares during the period. Independent Financial Group LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth about $1,460,000. Finally, Wealthfront Advisers LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth about $210,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA CWB opened at $101.49 on Friday. The stock’s 50-day moving average price is $106.21 and its two-hundred day moving average price is $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.