New York Life Investment Management LLC Makes New $23.05 Million Investment in SPDR Bloomberg Convertible Securities ETF $CWB

New York Life Investment Management 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 Form 13F filing with the Securities and Exchange Commission. The fund purchased 227,805 shares of the exchange traded fund’s stock, valued at approximately $23,049,000. New York Life Investment Management LLC owned approximately 0.40% of SPDR Bloomberg Convertible Securities ETF at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Talon Private Wealth LLC boosted its position in SPDR Bloomberg Convertible Securities ETF by 25.4% during the second quarter. Talon Private Wealth LLC now owns 29,986 shares of the exchange traded fund’s stock worth $3,233,000 after acquiring an additional 6,074 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter worth about $1,117,000. Dorsey Wright & Associates grew its position in SPDR Bloomberg Convertible Securities ETF by 603.9% in the first quarter. Dorsey Wright & Associates now owns 29,291 shares of the exchange traded fund’s stock valued at $2,681,000 after acquiring an additional 25,130 shares in the last quarter. Independent Financial Group LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth $1,460,000. Finally, Midwest Professional Planners LTD. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter worth about $3,564,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.7%

SPDR Bloomberg Convertible Securities ETF stock opened at $92.34 on Wednesday. The stock has a 50 day moving average of $98.90 and a 200-day moving average of $100.08. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $85.37 and a 52 week 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.