Midwest Professional Planners LTD. Makes New Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Midwest Professional Planners LTD. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the first quarter, HoldingsChannel.com reports. The firm acquired 38,939 shares of the exchange traded fund’s stock, valued at approximately $3,564,000.

Several other institutional investors have also modified their holdings of the stock. Bank of America Corp DE boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.5% in the 3rd quarter. Bank of America Corp DE now owns 2,634,532 shares of the exchange traded fund’s stock worth $238,425,000 after purchasing an additional 13,467 shares during the period. LPL Financial LLC raised its holdings in SPDR Bloomberg Convertible Securities ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after buying an additional 35,217 shares during the period. Wells Fargo & Company MN raised its holdings in SPDR Bloomberg Convertible Securities ETF by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,483,024 shares of the exchange traded fund’s stock valued at $132,286,000 after buying an additional 48,840 shares during the period. Northwestern Mutual Wealth Management Co. lifted its position in SPDR Bloomberg Convertible Securities ETF by 15.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock worth $92,957,000 after buying an additional 142,387 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in SPDR Bloomberg Convertible Securities ETF by 76.1% in the third quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock worth $72,599,000 after buying an additional 346,925 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.5%

NYSEARCA CWB opened at $103.59 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $83.18 and a 52 week high of $112.02. The company has a fifty day moving average of $106.33 and a two-hundred day moving average of $98.69.

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.