Elevation Capital Advisory LLC Decreases Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Elevation Capital Advisory LLC decreased its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 18.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 54,994 shares of the exchange traded fund’s stock after selling 12,314 shares during the period. SPDR Bloomberg Convertible Securities ETF accounts for 2.0% of Elevation Capital Advisory LLC’s holdings, making the stock its 20th biggest position. Elevation Capital Advisory LLC owned 0.11% of SPDR Bloomberg Convertible Securities ETF worth $4,905,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CWB. Qube Research & Technologies Ltd lifted its position in 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 valued at $406,000 after acquiring an additional 1,961 shares during the last quarter. NewEdge Advisors LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 374.1% in the second quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after buying an additional 39,719 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth $216,000. Diversify Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth $344,000. Finally, Raymond James Financial Inc. raised its holdings in shares of 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 buying an additional 25,039 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.2%

NYSEARCA CWB opened at $99.03 on Thursday. The company has a fifty day simple moving average of $93.89 and a two-hundred day simple moving average of $92.33. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $73.55 and a 12-month high of $99.23.

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.