Money Concepts Capital Corp Buys 8,748 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Money Concepts Capital Corp purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 8,748 shares of the exchange traded fund’s stock, valued at approximately $885,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Bank of America Corp DE increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 2,654,014 shares of the exchange traded fund’s stock worth $242,895,000 after purchasing an additional 26,717 shares during the period. Howard Capital Management LLC lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.3% in the third quarter. Howard Capital Management LLC now owns 2,020,000 shares of the exchange traded fund’s stock valued at $204,384,000 after buying an additional 26,904 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 346.2% in the second quarter. Envestnet Asset Management Inc. now owns 2,004,950 shares of the exchange traded fund’s stock valued at $216,174,000 after buying an additional 1,555,591 shares during the period. Bessemer Group Inc. lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% in the first quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after buying an additional 83,758 shares during the period. Finally, Delta Capital Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter worth about $119,999,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.7%

CWB stock traded down $0.62 during trading on Friday, reaching $92.07. 587,429 shares of the stock were exchanged, compared to its average volume of 902,607. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $85.37 and a twelve month high of $112.02. The stock has a 50 day simple moving average of $98.37 and a 200-day simple moving average of $100.06.

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.