Lifestyle Asset Management Inc. Has $11.36 Million Stake in SPDR Bloomberg Convertible Securities ETF $CWB

Lifestyle Asset Management Inc. lifted its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 9.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 125,473 shares of the exchange traded fund’s stock after acquiring an additional 10,595 shares during the quarter. SPDR Bloomberg Convertible Securities ETF accounts for approximately 3.9% of Lifestyle Asset Management Inc.’s holdings, making the stock its 5th largest position. Lifestyle Asset Management Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $11,355,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 34.1% in the 1st quarter. Ameriprise Financial Inc. now owns 1,345,622 shares of the exchange traded fund’s stock valued at $103,121,000 after purchasing an additional 341,981 shares during the period. SVB Wealth LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the first quarter worth approximately $53,000. Wealth Preservation Advisors LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth $61,000. Jones Financial Companies Lllp increased its stake in SPDR Bloomberg Convertible Securities ETF by 24.0% during the 1st quarter. Jones Financial Companies Lllp now owns 17,952 shares of the exchange traded fund’s stock worth $1,375,000 after acquiring an additional 3,473 shares during the period. Finally, Fortis Capital Advisors LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at $213,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 1.7%

NYSEARCA:CWB opened at $90.23 on Friday. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $70.56 and a fifty-two week high of $94.94. The stock has a fifty day moving average price of $90.80 and a 200-day moving average price of $87.31.

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.