Midwest Professional Planners LTD. Takes $3.45 Million Position in SPDR Bloomberg Convertible Securities ETF $CWB

Midwest Professional Planners LTD. bought a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 38,133 shares of the exchange traded fund’s stock, valued at approximately $3,451,000.

Several other hedge funds have also added to or reduced their stakes in the business. Ocean Park Asset Management LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $51,928,000. Goodman Advisory Group LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $41,164,000. Estate Counselors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $11,647,000. RWA Wealth Partners LLC boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 1,917.3% during the 2nd quarter. RWA Wealth Partners LLC now owns 75,628 shares of the exchange traded fund’s stock valued at $6,251,000 after acquiring an additional 71,879 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 655,027 shares of the exchange traded fund’s stock valued at $54,145,000 after acquiring an additional 69,970 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB opened at $93.40 on Friday. The stock’s 50 day simple moving average is $91.39 and its 200 day simple moving average is $89.55. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $70.56 and a 1 year 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.