Lifestyle Asset Management Inc. Increases Stake in SPDR Bloomberg Convertible Securities ETF $CWB

Lifestyle Asset Management Inc. raised its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 141,135 shares of the exchange traded fund’s stock after acquiring an additional 15,662 shares during the period. SPDR Bloomberg Convertible Securities ETF accounts for about 4.1% of Lifestyle Asset Management Inc.’s holdings, making the stock its 4th biggest holding. Lifestyle Asset Management Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $12,589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Bank of America Corp DE lifted its stake in SPDR Bloomberg Convertible Securities ETF by 0.5% in the third quarter. Bank of America Corp DE now owns 2,634,532 shares of the exchange traded fund’s stock valued at $238,425,000 after buying an additional 13,467 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in SPDR Bloomberg Convertible Securities ETF by 15.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock valued at $92,957,000 after buying an additional 142,387 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in SPDR Bloomberg Convertible Securities ETF by 76.1% in the third quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after buying an additional 346,925 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in SPDR Bloomberg Convertible Securities ETF by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 782,173 shares of the exchange traded fund’s stock valued at $69,770,000 after buying an additional 3,557 shares in the last quarter. Finally, Goodman Advisory Group LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 9.1% in the third quarter. Goodman Advisory Group LLC now owns 543,340 shares of the exchange traded fund’s stock valued at $49,172,000 after buying an additional 45,353 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.2%

Shares of CWB opened at $109.66 on Friday. The firm’s 50 day moving average price is $101.03 and its two-hundred day moving average price is $95.26. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $80.00 and a twelve month high of $112.02.

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. 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.