SPDR Bloomberg Convertible Securities ETF $CWB Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lowered its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 29.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,503 shares of the exchange traded fund’s stock after selling 8,306 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in CWB. Northwestern Mutual Wealth Management Co. increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 12.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 655,027 shares of the exchange traded fund’s stock worth $54,145,000 after buying an additional 69,970 shares during the period. Ocean Park Asset Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $51,928,000. Goodman Advisory Group LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at approximately $41,164,000. H&H Retirement Design & Management INC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 7.3% in the 2nd quarter. H&H Retirement Design & Management INC now owns 410,452 shares of the exchange traded fund’s stock valued at $34,872,000 after purchasing an additional 27,962 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% in the 2nd quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock valued at $30,005,000 after purchasing an additional 25,039 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.2%

SPDR Bloomberg Convertible Securities ETF stock opened at $93.70 on Tuesday. The company has a fifty day simple moving average of $90.80 and a 200-day simple moving average of $89.29. 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.