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

New York Life Investment Management LLC decreased its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 8.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 605,123 shares of the exchange traded fund’s stock after selling 53,507 shares during the quarter. New York Life Investment Management LLC owned about 1.28% of SPDR Bloomberg Convertible Securities ETF worth $50,019,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. M3 Advisory Group LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 1.7% during the second quarter. M3 Advisory Group LLC now owns 10,267 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 167 shares in the last quarter. Elevation Capital Advisory LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the second quarter valued at $3,112,000. ST Germain D J Co. Inc. increased its position in SPDR Bloomberg Convertible Securities ETF by 73.7% during the second quarter. ST Germain D J Co. Inc. now owns 2,143 shares of the exchange traded fund’s stock valued at $177,000 after acquiring an additional 909 shares during the last quarter. Janney Montgomery Scott LLC increased its position in SPDR Bloomberg Convertible Securities ETF by 0.6% during the second quarter. Janney Montgomery Scott LLC now owns 156,413 shares of the exchange traded fund’s stock valued at $12,929,000 after acquiring an additional 934 shares during the last quarter. Finally, Almanack Investment Partners LLC. bought a new position in SPDR Bloomberg Convertible Securities ETF during the second quarter valued at $377,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.6%

CWB stock opened at $93.41 on Tuesday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $70.56 and a twelve month high of $94.34. The firm’s fifty day simple moving average is $89.46 and its two-hundred day simple moving average is $83.99.

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.