Independent Financial Group LLC Invests $1.46 Million in SPDR Bloomberg Convertible Securities ETF $CWB

Independent Financial Group LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 1st quarter, Holdings Channel reports. The fund purchased 15,957 shares of the exchange traded fund’s stock, valued at approximately $1,460,000.

A number of other institutional investors have also recently modified their holdings of CWB. High Point Wealth Management LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $26,000. Arax Advisory Partners acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth $36,000. Highline Wealth Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $39,000. Finally, Copia Wealth Management purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $43,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of CWB opened at $101.49 on Monday. The firm’s 50-day moving average is $106.21 and its two-hundred day moving average is $98.85. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $83.18 and a twelve 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.