Smithbridge Asset Management Inc. DE Trims Stock Position in SPDR Bloomberg Convertible Securities ETF $CWB

Smithbridge Asset Management Inc. DE lessened its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 51.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,433 shares of the exchange traded fund’s stock after selling 7,775 shares during the period. Smithbridge Asset Management Inc. DE’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock worth $5,065,000 after purchasing an additional 6,322 shares during the period. Goodman Advisory Group LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 9.1% in the third quarter. Goodman Advisory Group LLC now owns 543,340 shares of the exchange traded fund’s stock worth $49,172,000 after purchasing an additional 45,353 shares during the last quarter. LPL Financial LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% in the fourth quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock worth $140,830,000 after purchasing an additional 35,217 shares during the last quarter. Liberty Atlantic Advisors LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $457,000. Finally, FORM Wealth Advisors LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $563,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 1.8%

Shares of SPDR Bloomberg Convertible Securities ETF stock opened at $105.85 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $82.00 and a 1 year high of $112.02. The company has a 50 day simple moving average of $105.69 and a two-hundred day simple moving average of $97.66.

SPDR Bloomberg Convertible Securities ETF 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.