Estate Counselors LLC Makes New Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Estate Counselors LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 128,695 shares of the exchange traded fund’s stock, valued at approximately $11,647,000. SPDR Bloomberg Convertible Securities ETF comprises 1.0% of Estate Counselors LLC’s investment portfolio, making the stock its 12th largest holding. Estate Counselors LLC owned approximately 0.25% of SPDR Bloomberg Convertible Securities ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. ST Germain D J Co. Inc. increased its position in SPDR Bloomberg Convertible Securities ETF by 73.7% during the 2nd quarter. ST Germain D J Co. Inc. now owns 2,143 shares of the exchange traded fund’s stock valued at $177,000 after buying an additional 909 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 156,413 shares of the exchange traded fund’s stock worth $12,929,000 after acquiring an additional 934 shares during the last quarter. Truist Financial Corp increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 3.6% during the second quarter. Truist Financial Corp now owns 239,479 shares of the exchange traded fund’s stock valued at $19,795,000 after acquiring an additional 8,219 shares in the last quarter. Simplicity Wealth LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 118.0% during the second quarter. Simplicity Wealth LLC now owns 72,844 shares of the exchange traded fund’s stock valued at $6,021,000 after acquiring an additional 39,424 shares in the last quarter. Finally, Proffitt & Goodson Inc. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at approximately $36,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.4%

CWB stock opened at $93.89 on Monday. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $70.56 and a 52 week high of $94.94. The firm has a 50 day moving average of $90.69 and a 200 day moving average of $89.22.

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.