Sentinel Advisory Group LLC Makes New $3.45 Million Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Sentinel Advisory Group LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 37,719 shares of the exchange traded fund’s stock, valued at approximately $3,452,000. SPDR Bloomberg Convertible Securities ETF makes up 1.7% of Sentinel Advisory Group LLC’s investment portfolio, making the stock its 17th largest position.

Other hedge funds have also modified their holdings of the company. Renaissance Technologies LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth approximately $1,117,000. Hilltop Holdings Inc. boosted its position in SPDR Bloomberg Convertible Securities ETF by 46.1% in the 1st quarter. Hilltop Holdings Inc. now owns 3,348 shares of the exchange traded fund’s stock valued at $306,000 after buying an additional 1,057 shares during the last quarter. First Trust Advisors LP bought a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at $1,818,000. Balefire LLC boosted its position in SPDR Bloomberg Convertible Securities ETF by 8.0% in the 1st quarter. Balefire LLC now owns 3,598 shares of the exchange traded fund’s stock valued at $329,000 after buying an additional 266 shares during the last quarter. Finally, AlphaCentric Advisors LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 8.9% in the 1st quarter. AlphaCentric Advisors LLC now owns 5,093 shares of the exchange traded fund’s stock valued at $466,000 after buying an additional 415 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB stock opened at $101.48 on Friday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $83.18 and a twelve month high of $112.02. The business has a fifty day moving average of $105.94 and a 200-day moving average of $99.25.

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.