9,659 Shares of SPDR Bloomberg Convertible Securities ETF $CWB Purchased by First Merchants Corp

First Merchants Corp bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 3rd quarter, Holdings Channel reports. The firm bought 9,659 shares of the exchange traded fund’s stock, valued at approximately $977,000.

A number of other institutional investors have also recently made changes to their positions in CWB. Western Wealth Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at about $38,000. Mather Group LLC. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth approximately $39,000. Financial Management Professionals Inc. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at approximately $46,000. Bayban purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at approximately $56,000. Finally, American National Bank & Trust purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $65,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of SPDR Bloomberg Convertible Securities ETF stock opened at $97.09 on Friday. The company’s 50 day moving average is $102.35 and its 200 day moving average is $102.94. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $85.37 and a twelve month 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.