Renaissance Technologies LLC Makes New $1.12 Million Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Renaissance Technologies LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 12,200 shares of the exchange traded fund’s stock, valued at approximately $1,117,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CWB. Qube Research & Technologies Ltd increased its stake in SPDR Bloomberg Convertible Securities ETF by 66.4% in the second quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock valued at $406,000 after purchasing an additional 1,961 shares during the last quarter. NewEdge Advisors LLC lifted its position in SPDR Bloomberg Convertible Securities ETF by 374.1% during the second quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after buying an additional 39,719 shares during the period. Diversify Advisory Services LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth about $216,000. Diversify Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth about $344,000. Finally, Raymond James Financial Inc. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 7.4% in the 2nd quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock valued at $30,005,000 after buying an additional 25,039 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB opened at $106.60 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $84.02 and a 12 month high of $112.02. The business has a 50-day moving average of $104.94 and a two-hundred day moving average of $100.31.

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.