Envestnet Portfolio Solutions Inc. Has $3.60 Million Position in SPDR Bloomberg Convertible Securities ETF $CWB

Envestnet Portfolio Solutions Inc. boosted its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 106.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,319 shares of the exchange traded fund’s stock after acquiring an additional 20,816 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $3,596,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CWB. High Point Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $26,000. Highline Wealth Partners LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $39,000. Glassy Mountain Advisors Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter worth $52,000. Harbor Investment Advisory LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $53,000. Finally, Cornerstone Planning Group LLC raised its holdings in SPDR Bloomberg Convertible Securities ETF by 259.0% in the third quarter. Cornerstone Planning Group LLC now owns 973 shares of the exchange traded fund’s stock worth $95,000 after purchasing an additional 702 shares during the period.

SPDR Bloomberg Convertible Securities ETF Trading Up 2.2%

CWB opened at $105.37 on Friday. The firm’s fifty day moving average is $98.03 and its two-hundred day moving average is $94.09. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $79.13 and a twelve month high of $107.04.

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.