IFP Advisors Inc Boosts Position in SPDR Bloomberg Convertible Securities ETF $CWB

IFP Advisors Inc boosted its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 29.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 42,043 shares of the exchange traded fund’s stock after buying an additional 9,576 shares during the period. IFP Advisors Inc’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $3,750,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Win Advisors Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $919,000. Alliance Wealth Advisors LLC UT purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $1,096,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock valued at $5,065,000 after purchasing an additional 6,322 shares during the period. Thrivent Financial for Lutherans purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $3,227,000. Finally, Estate Counselors LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $11,647,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 2.2%

CWB opened at $105.37 on Friday. The firm’s 50 day moving average is $98.03 and its 200-day moving average is $94.09. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $79.13 and a 52-week high of $107.04.

SPDR Bloomberg Convertible Securities ETF 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.