Belpointe Asset Management LLC Purchases New Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Belpointe Asset Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the third quarter, according to its most recent filing with the SEC. The firm acquired 7,588 shares of the exchange traded fund’s stock, valued at approximately $687,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in CWB. Janney Montgomery Scott LLC lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 156,413 shares of the exchange traded fund’s stock valued at $12,929,000 after acquiring an additional 934 shares during the period. Truist Financial Corp raised its holdings in SPDR Bloomberg Convertible Securities ETF by 3.6% during the 2nd quarter. Truist Financial Corp now owns 239,479 shares of the exchange traded fund’s stock worth $19,795,000 after purchasing an additional 8,219 shares during the last quarter. Simplicity Wealth LLC lifted its position in SPDR Bloomberg Convertible Securities ETF by 118.0% during the 2nd quarter. Simplicity Wealth LLC now owns 72,844 shares of the exchange traded fund’s stock valued at $6,021,000 after purchasing an additional 39,424 shares during the period. Proffitt & Goodson Inc. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $36,000. Finally, H&H Retirement Design & Management INC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 7.3% during the 2nd quarter. H&H Retirement Design & Management INC now owns 410,452 shares of the exchange traded fund’s stock worth $34,872,000 after buying an additional 27,962 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB opened at $93.40 on Friday. The firm has a 50 day simple moving average of $91.39 and a 200 day simple moving average of $89.51. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $70.56 and a fifty-two week high of $96.17.

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.