Brindle & Bay Financial Advisors LLC Purchases New Position in SPDR Bloomberg Convertible Securities ETF $CWB

Brindle & Bay Financial Advisors LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 50,293 shares of the exchange traded fund’s stock, valued at approximately $4,486,000. SPDR Bloomberg Convertible Securities ETF makes up about 3.0% of Brindle & Bay Financial Advisors LLC’s holdings, making the stock its 9th biggest position. Brindle & Bay Financial Advisors LLC owned approximately 0.10% of SPDR Bloomberg Convertible Securities ETF at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Bank of America Corp DE boosted its stake in SPDR Bloomberg Convertible Securities ETF by 0.5% in the 3rd quarter. Bank of America Corp DE now owns 2,634,532 shares of the exchange traded fund’s stock valued at $238,425,000 after buying an additional 13,467 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in SPDR Bloomberg Convertible Securities ETF by 37.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock valued at $81,426,000 after buying an additional 244,707 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in SPDR Bloomberg Convertible Securities ETF by 76.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after buying an additional 346,925 shares in the last quarter. Ocean Park Asset Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $51,928,000. Finally, Goodman Advisory Group LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 9.1% in the 3rd quarter. Goodman Advisory Group LLC now owns 543,340 shares of the exchange traded fund’s stock valued at $49,172,000 after buying an additional 45,353 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.1%

Shares of CWB stock opened at $100.78 on Friday. The stock’s fifty day simple moving average is $94.82 and its 200 day simple moving average is $92.77. SPDR Bloomberg Convertible Securities ETF has a one year low of $76.67 and a one year high of $101.63.

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.