Client First Investment Management LLC Makes New $578,000 Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Client First Investment Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,382 shares of the exchange traded fund’s stock, valued at approximately $578,000. SPDR Bloomberg Convertible Securities ETF comprises 0.3% of Client First Investment Management LLC’s holdings, making the stock its 28th largest position.

Several other institutional investors and hedge funds have also modified their holdings of CWB. M3 Advisory Group LLC raised its holdings in SPDR Bloomberg Convertible Securities ETF by 1.7% in the 2nd quarter. M3 Advisory Group LLC now owns 10,267 shares of the exchange traded fund’s stock valued at $849,000 after acquiring an additional 167 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $5,260,000. Elevation Capital Advisory LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $3,112,000. ST Germain D J Co. Inc. increased its stake in SPDR Bloomberg Convertible Securities ETF by 73.7% in the second quarter. ST Germain D J Co. Inc. now owns 2,143 shares of the exchange traded fund’s stock valued at $177,000 after purchasing an additional 909 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the second quarter worth about $478,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of NYSEARCA:CWB opened at $90.60 on Wednesday. The stock’s 50-day moving average price is $90.72 and its two-hundred day moving average price is $87.54. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $70.56 and a 12-month high of $94.94.

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.