HF Advisory Group LLC Raises Stake in SPDR Bloomberg Convertible Securities ETF $CWB

HF Advisory Group LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 100.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 63,067 shares of the exchange traded fund’s stock after buying an additional 31,579 shares during the quarter. HF Advisory Group LLC owned about 0.12% of SPDR Bloomberg Convertible Securities ETF worth $5,626,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Caldwell Trust Co bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $33,000. Mather Group LLC. bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $35,000. Highline Wealth Partners LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $39,000. Glassy Mountain Advisors Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $52,000. Finally, Harbor Investment Advisory LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at $53,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of NYSEARCA:CWB opened at $92.47 on Thursday. The firm has a fifty day moving average price of $93.53 and a two-hundred day moving average price of $91.91. SPDR Bloomberg Convertible Securities ETF has a one year low of $70.56 and a one year high of $96.17.

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.