Spartan Wealth Advisory Services LLC Invests $757,000 in SPDR Bloomberg Convertible Securities ETF $CWB

Spartan Wealth Advisory Services LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the first quarter, HoldingsChannel reports. The firm bought 8,273 shares of the exchange traded fund’s stock, valued at approximately $757,000.

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

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of SPDR Bloomberg Convertible Securities ETF stock opened at $101.49 on Monday. The company has a 50-day moving average of $106.21 and a 200 day moving average of $98.85. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $83.18 and a 1 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.