Redhawk Wealth Advisors Inc. Purchases New Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Redhawk Wealth Advisors Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 3rd quarter, HoldingsChannel.com reports. The firm bought 9,573 shares of the exchange traded fund’s stock, valued at approximately $866,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CWB. M3 Advisory Group LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 1.7% in the second quarter. M3 Advisory Group LLC now owns 10,267 shares of the exchange traded fund’s stock worth $849,000 after purchasing an additional 167 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $5,260,000. Elevation Capital Advisory LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth approximately $3,112,000. ST Germain D J Co. Inc. increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 73.7% in the 2nd quarter. ST Germain D J Co. Inc. now owns 2,143 shares of the exchange traded fund’s stock valued at $177,000 after acquiring an additional 909 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at approximately $478,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of CWB opened at $90.23 on Friday. The business’s fifty day moving average price is $90.80 and its 200 day moving average price is $87.31. 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.