51,334 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 51,334 shares of the exchange traded fund’s stock, valued at approximately $5,194,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Sentinel Advisory Group LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 3.0% in the third quarter. Sentinel Advisory Group LLC now owns 37,259 shares of the exchange traded fund’s stock valued at $3,770,000 after acquiring an additional 1,096 shares during the period. Smithbridge Asset Management Inc. DE acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $650,000. Sonata Capital Group Inc. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $661,000. Independent Wealth Network Inc. increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 24.1% in the 3rd quarter. Independent Wealth Network Inc. now owns 4,344 shares of the exchange traded fund’s stock valued at $439,000 after acquiring an additional 845 shares during the period. Finally, IFP Advisors Inc raised its position in SPDR Bloomberg Convertible Securities ETF by 1.9% in the 3rd quarter. IFP Advisors Inc now owns 43,652 shares of the exchange traded fund’s stock valued at $4,417,000 after purchasing an additional 799 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Trading Up 1.0%

CWB stock opened at $96.70 on Thursday. The company has a fifty day moving average price of $101.67 and a 200 day moving average price of $103.05. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $85.37 and a 12 month 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.