Schwallier Wealth Management LLC Invests $526,000 in SPDR Bloomberg Convertible Securities ETF $CWB

Schwallier Wealth Management LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the first quarter, Holdings Channel reports. The institutional investor bought 5,748 shares of the exchange traded fund’s stock, valued at approximately $526,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CWB. Mirae Asset Global Investments Co. Ltd. raised its stake in SPDR Bloomberg Convertible Securities ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock valued at $5,065,000 after purchasing an additional 6,322 shares in the last quarter. Liberty Atlantic Advisors LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at $457,000. LPL Financial LLC grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock worth $140,830,000 after buying an additional 35,217 shares in the last quarter. Tcfg Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth $1,380,000. Finally, FORM Wealth Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth about $563,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.5%

CWB opened at $103.59 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $83.18 and a 12 month high of $112.02. The stock has a 50-day moving average of $106.33 and a 200 day moving average of $98.69.

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.