Royal Bank of Canada Sells 10,747 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Royal Bank of Canada cut its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 2.7% in the first quarter, HoldingsChannel reports. The firm owned 384,062 shares of the exchange traded fund’s stock after selling 10,747 shares during the quarter. Royal Bank of Canada’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $35,149,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CWB. Qube Research & Technologies Ltd lifted its position in SPDR Bloomberg Convertible Securities ETF by 66.4% during the second quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock valued at $406,000 after purchasing an additional 1,961 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 374.1% in the 2nd quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after buying an additional 39,719 shares during the last quarter. Diversify Advisory Services LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at about $216,000. Diversify Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at about $344,000. Finally, Raymond James Financial Inc. lifted 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 acquiring an additional 25,039 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Trading Up 1.4%

CWB opened at $103.30 on Tuesday. The stock has a 50-day moving average of $105.57 and a 200 day moving average of $99.66. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $83.50 and a 12 month high of $112.02.

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.