Northwestern Mutual Wealth Management Co. Lowers Position in SPDR Bloomberg Convertible Securities ETF $CWB

Northwestern Mutual Wealth Management Co. lessened its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 94.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 53,965 shares of the exchange traded fund’s stock after selling 845,769 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $4,814,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CWB. Ameriprise Financial Inc. boosted its position in SPDR Bloomberg Convertible Securities ETF by 76.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock worth $72,599,000 after purchasing an additional 346,925 shares in the last quarter. Horizon Investments LLC boosted its position in SPDR Bloomberg Convertible Securities ETF by 254.9% in the 3rd quarter. Horizon Investments LLC now owns 301,023 shares of the exchange traded fund’s stock worth $27,182,000 after purchasing an additional 216,213 shares in the last quarter. Estate Counselors LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $11,647,000. PFG Advisors acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $8,237,000. Finally, Advisors Preferred LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 127.0% during the 3rd quarter. Advisors Preferred LLC now owns 104,716 shares of the exchange traded fund’s stock worth $9,563,000 after buying an additional 58,590 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.3%

Shares of CWB stock opened at $105.65 on Friday. The stock has a 50 day simple moving average of $98.28 and a 200-day simple moving average of $94.18. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $79.13 and a 1-year high of $107.04.

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.