Royal Bank of Canada Sells 10,747 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Royal Bank of Canada trimmed its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 2.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 384,062 shares of the exchange traded fund’s stock after selling 10,747 shares during the quarter. Royal Bank of Canada owned about 0.69% of SPDR Bloomberg Convertible Securities ETF worth $35,149,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% during the 4th 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 buying an additional 6,322 shares in the last quarter. LPL Financial LLC boosted its holdings in 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 during the period. Liberty Atlantic Advisors LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $457,000. Emissary Wealth LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $2,462,000. Finally, Annex Advisory Services LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at about $534,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA:CWB opened at $103.30 on Tuesday. The business’s 50-day simple moving average is $105.57 and its two-hundred day simple moving average is $99.66. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $83.50 and a 52 week high of $112.02.

SPDR Bloomberg Convertible Securities ETF 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.