New York Life Investment Management LLC Acquires New Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

New York Life Investment Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 3rd quarter, Holdings Channel reports. The fund purchased 227,805 shares of the exchange traded fund’s stock, valued at approximately $23,049,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Talon Private Wealth LLC raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 25.4% during 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 buying an additional 6,074 shares during the last quarter. Renaissance Technologies LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the first quarter worth about $1,117,000. Dorsey Wright & Associates lifted its position 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 buying an additional 25,130 shares during the period. Midwest Professional Planners LTD. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at $3,564,000. Finally, Independent Financial Group LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the first quarter worth about $1,460,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA CWB opened at $92.34 on Wednesday. The business has a 50 day simple moving average of $98.90 and a 200 day simple moving average of $100.08. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $85.37 and a 52-week high of $112.02.

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.