Targeted Financial Services LLC Acquires New Shares in SPDR Bloomberg Convertible Securities ETF $CWB

Targeted Financial Services LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,340 shares of the exchange traded fund’s stock, valued at approximately $922,000. SPDR Bloomberg Convertible Securities ETF makes up about 0.8% of Targeted Financial Services LLC’s investment portfolio, making the stock its 18th largest position.

Several other large investors have also added to or reduced their stakes in the stock. Stablepoint Partners LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% during the fourth quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock valued at $817,000 after buying an additional 111 shares during the period. Money Concepts Capital Corp boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 3.5% in the fourth quarter. Money Concepts Capital Corp now owns 3,343 shares of the exchange traded fund’s stock valued at $298,000 after acquiring an additional 112 shares during the period. Intrust Bank NA grew its stake in SPDR Bloomberg Convertible Securities ETF by 1.2% during the third quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock valued at $971,000 after acquiring an additional 125 shares in the last quarter. Chicago Partners Investment Group LLC increased its holdings in SPDR Bloomberg Convertible Securities ETF by 0.3% during the 4th quarter. Chicago Partners Investment Group LLC now owns 45,855 shares of the exchange traded fund’s stock worth $4,305,000 after acquiring an additional 125 shares during the period. Finally, Powell Investment Advisors LLC increased its holdings in SPDR Bloomberg Convertible Securities ETF by 0.4% during the 4th quarter. Powell Investment Advisors LLC now owns 30,662 shares of the exchange traded fund’s stock worth $2,735,000 after acquiring an additional 133 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA CWB opened at $110.58 on Friday. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $80.00 and a 1 year high of $112.02. The company’s 50 day simple moving average is $104.30 and its two-hundred day simple moving average is $96.67.

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.