Yorktown Management & Research Co Inc Makes New Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Yorktown Management & Research Co Inc purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, HoldingsChannel reports. The institutional investor purchased 50,000 shares of the exchange traded fund’s stock, valued at approximately $4,525,000. SPDR Bloomberg Convertible Securities ETF accounts for approximately 3.6% of Yorktown Management & Research Co Inc’s holdings, making the stock its 2nd largest holding.

Several other hedge funds also recently modified their holdings of CWB. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 12.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 655,027 shares of the exchange traded fund’s stock valued at $54,145,000 after buying an additional 69,970 shares during the period. Ocean Park Asset Management LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter worth about $51,928,000. Goodman Advisory Group LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $41,164,000. H&H Retirement Design & Management INC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 7.3% in the 2nd quarter. H&H Retirement Design & Management INC now owns 410,452 shares of the exchange traded fund’s stock valued at $34,872,000 after acquiring an additional 27,962 shares during the last quarter. Finally, Raymond James Financial Inc. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during 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 purchasing an additional 25,039 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.3%

Shares of CWB opened at $93.89 on Friday. The firm’s 50 day moving average is $90.38 and its 200-day moving average is $88.80. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $70.56 and a 12-month high of $94.94.

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.