Riggs Asset Managment Co. Inc. Buys 5,118 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Riggs Asset Managment Co. Inc. boosted its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 9.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,080 shares of the exchange traded fund’s stock after purchasing an additional 5,118 shares during the quarter. Riggs Asset Managment Co. Inc. owned about 0.12% of SPDR Bloomberg Convertible Securities ETF worth $5,448,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth about $35,000. Highline Wealth Partners LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at approximately $39,000. Glassy Mountain Advisors Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $52,000. Harbor Investment Advisory LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at approximately $53,000. Finally, Rossby Financial LCC grew its holdings in SPDR Bloomberg Convertible Securities ETF by 19.8% during the 3rd quarter. Rossby Financial LCC now owns 1,004 shares of the exchange traded fund’s stock valued at $92,000 after buying an additional 166 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.1%

NYSEARCA:CWB opened at $100.92 on Friday. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $76.05 and a 1 year high of $101.63. The stock’s 50 day simple moving average is $94.69 and its two-hundred day simple moving average is $92.71.

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.