Northwestern Mutual Wealth Management Co. Grows Stock Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Northwestern Mutual Wealth Management Co. boosted its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 12.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 655,027 shares of the exchange traded fund’s stock after purchasing an additional 69,970 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $54,145,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CWB. Arkadios Wealth Advisors purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter valued at $299,000. AXS Investments LLC raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 2.8% in the 1st quarter. AXS Investments LLC now owns 19,841 shares of the exchange traded fund’s stock valued at $1,520,000 after purchasing an additional 540 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 34.1% during the first quarter. Ameriprise Financial Inc. now owns 1,345,622 shares of the exchange traded fund’s stock worth $103,121,000 after buying an additional 341,981 shares in the last quarter. SVB Wealth LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at $53,000. Finally, Wealth Preservation Advisors LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the first quarter valued at approximately $61,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

SPDR Bloomberg Convertible Securities ETF stock opened at $90.57 on Friday. The company’s 50-day moving average price is $91.14 and its two-hundred day moving average price is $86.31. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $70.56 and a 52 week high of $94.94.

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.