Targeted Financial Services LLC Invests $922,000 in SPDR Bloomberg Convertible Securities ETF $CWB

Targeted Financial Services LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 10,340 shares of the exchange traded fund’s stock, valued at approximately $922,000. SPDR Bloomberg Convertible Securities ETF comprises approximately 0.8% of Targeted Financial Services LLC’s holdings, making the stock its 18th biggest position.

A number of other large investors also recently bought and sold shares of CWB. Stablepoint Partners LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 1.2% during the fourth quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock worth $817,000 after acquiring an additional 111 shares in the last quarter. Money Concepts Capital Corp grew its holdings in SPDR Bloomberg Convertible Securities ETF by 3.5% in the fourth quarter. Money Concepts Capital Corp now owns 3,343 shares of the exchange traded fund’s stock worth $298,000 after purchasing an additional 112 shares during the period. Intrust Bank NA increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% during the third quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock valued at $971,000 after purchasing an additional 125 shares in the last quarter. Chicago Partners Investment Group LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.3% during the fourth quarter. Chicago Partners Investment Group LLC now owns 45,855 shares of the exchange traded fund’s stock valued at $4,305,000 after purchasing an additional 125 shares in the last quarter. Finally, Powell Investment Advisors LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.4% during the fourth quarter. Powell Investment Advisors LLC now owns 30,662 shares of the exchange traded fund’s stock valued at $2,735,000 after purchasing an additional 133 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB opened at $110.58 on Friday. The business’s 50 day moving average price is $104.30 and its 200-day moving average price is $96.67. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $80.00 and a 52 week 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.