Sowell Financial Services LLC Purchases New Position in SPDR Bloomberg Convertible Securities ETF $CWB

Sowell Financial Services LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,929 shares of the exchange traded fund’s stock, valued at approximately $2,623,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Capital Investment Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $204,000. Capital City Trust Co. FL bought a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $1,470,000. Brookstone Capital Management bought a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at about $2,282,000. Root Financial Partners LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $63,000. Finally, Investment House LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the third quarter worth $231,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA:CWB opened at $94.73 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $85.37 and a 12 month high of $112.02. The company’s 50-day moving average price is $100.39 and its two-hundred day moving average price is $100.12.

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.