Ocean Park Asset Management LLC Boosts Stock Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Ocean Park Asset Management LLC grew its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 75.3% in the first quarter, HoldingsChannel reports. The fund owned 42,475 shares of the exchange traded fund’s stock after acquiring an additional 18,250 shares during the quarter. Ocean Park Asset Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $3,887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. High Point Wealth Management LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $26,000. Arax Advisory Partners acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $36,000. Highline Wealth Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $39,000. Finally, Copia Wealth Management acquired a new position in SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $43,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB opened at $110.58 on Monday. The firm has a 50-day moving average price of $104.30 and a 200 day moving average price of $96.71. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $80.00 and a 12-month 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.