SPDR Bloomberg Convertible Securities ETF $CWB Stock Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 2,013.3% in the third quarter, Holdings Channel reports. The firm owned 100,000 shares of the exchange traded fund’s stock after acquiring an additional 95,268 shares during the quarter. International Assets Investment Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $10,118,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CWB. Talon Private Wealth LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 25.4% in the second quarter. Talon Private Wealth LLC now owns 29,986 shares of the exchange traded fund’s stock valued at $3,233,000 after acquiring an additional 6,074 shares during the last quarter. Brindle & Bay Financial Advisors LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% in the 1st quarter. Brindle & Bay Financial Advisors LLC now owns 56,593 shares of the exchange traded fund’s stock valued at $5,179,000 after acquiring an additional 6,300 shares during the period. Renaissance Technologies LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at about $1,117,000. Dorsey Wright & Associates increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 603.9% during the 1st quarter. Dorsey Wright & Associates now owns 29,291 shares of the exchange traded fund’s stock worth $2,681,000 after purchasing an additional 25,130 shares during the last quarter. Finally, Midwest Professional Planners LTD. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth about $3,564,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.9%

Shares of CWB stock opened at $94.73 on Friday. The firm’s 50-day moving average is $100.39 and its 200-day moving average is $100.12. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $85.37 and a 52-week 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.