NewEdge Advisors LLC Sells 84,853 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

NewEdge Advisors LLC trimmed its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 93.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 6,433 shares of the exchange traded fund’s stock after selling 84,853 shares during the period. NewEdge Advisors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $589,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Qube Research & Technologies Ltd increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 66.4% during the second quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock worth $406,000 after acquiring an additional 1,961 shares during the period. Diversify Advisory Services LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at approximately $216,000. Diversify Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $344,000. Raymond James Financial Inc. grew its stake in SPDR Bloomberg Convertible Securities ETF by 7.4% in the second quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock worth $30,005,000 after purchasing an additional 25,039 shares in the last quarter. Finally, Ausdal Financial Partners Inc. grew its stake in SPDR Bloomberg Convertible Securities ETF by 46.8% in the second quarter. Ausdal Financial Partners Inc. now owns 3,961 shares of the exchange traded fund’s stock worth $327,000 after purchasing an additional 1,263 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB opened at $103.30 on Tuesday. The stock’s fifty day moving average is $105.57 and its two-hundred day moving average is $99.66. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $83.50 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.