NewEdge Advisors LLC Sells 84,853 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

NewEdge Advisors LLC lessened its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 93.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,433 shares of the exchange traded fund’s stock after selling 84,853 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $589,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. High Point Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $26,000. Arax Advisory Partners bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth about $36,000. Copia Wealth Management bought a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth about $43,000. Finally, Creative Financial Designs Inc. ADV boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 264.0% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 586 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 425 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Up 1.4%

CWB opened at $103.30 on Tuesday. The stock’s 50 day moving average price is $105.57 and its 200-day moving average price is $99.66. SPDR Bloomberg Convertible Securities ETF has a one year low of $83.50 and a one year 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.