Belpointe Asset Management LLC Takes Position in SPDR Bloomberg Convertible Securities ETF $CWB

Belpointe Asset Management LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 7,588 shares of the exchange traded fund’s stock, valued at approximately $687,000.

A number of other institutional investors have also recently bought and sold shares of the business. Nvwm LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 4.6% during the 3rd quarter. Nvwm LLC now owns 2,772 shares of the exchange traded fund’s stock valued at $251,000 after acquiring an additional 121 shares in the last quarter. Austin Private Wealth LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 4.9% during the 2nd quarter. Austin Private Wealth LLC now owns 3,254 shares of the exchange traded fund’s stock worth $269,000 after purchasing an additional 151 shares in the last quarter. Hazlett Burt & Watson Inc. increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 11.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,529 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 152 shares in the last quarter. Avidian Wealth Enterprises LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 3.3% during the 2nd quarter. Avidian Wealth Enterprises LLC now owns 4,949 shares of the exchange traded fund’s stock valued at $409,000 after purchasing an additional 157 shares during the last quarter. Finally, Key Financial Inc boosted its position in SPDR Bloomberg Convertible Securities ETF by 1.7% in the second quarter. Key Financial Inc now owns 9,378 shares of the exchange traded fund’s stock valued at $775,000 after buying an additional 159 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.5%

NYSEARCA CWB opened at $93.40 on Friday. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $70.56 and a 1-year high of $96.17. The company has a 50 day moving average of $91.39 and a 200-day moving average of $89.51.

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.