Guardian Capital LLC Acquires Shares of 13,781 SPDR Bloomberg Convertible Securities ETF $CWB

Guardian Capital LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 13,781 shares of the exchange traded fund’s stock, valued at approximately $1,229,000. SPDR Bloomberg Convertible Securities ETF comprises 1.1% of Guardian Capital LLC’s investment portfolio, making the stock its 28th biggest position.

A number of other hedge funds have also recently modified their holdings of CWB. High Point Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $26,000. Highline Wealth Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $39,000. Glassy Mountain Advisors Inc. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at about $52,000. Harbor Investment Advisory LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $53,000. Finally, Rossby Financial LCC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 19.8% in the third quarter. Rossby Financial LCC now owns 1,004 shares of the exchange traded fund’s stock valued at $92,000 after acquiring an additional 166 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB stock opened at $104.50 on Friday. The firm’s 50-day moving average price is $97.16 and its two-hundred day moving average price is $93.80. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $79.13 and a 12-month high of $107.04.

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.