PFG Investments LLC Invests $487,000 in SPDR Bloomberg Convertible Securities ETF $CWB

PFG Investments LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,317 shares of the exchange traded fund’s stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CWB. Impact Partnership Wealth LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth approximately $385,000. Financial & Tax Architects LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the first quarter worth $9,618,000. Flagstar Advisors Inc. raised its stake in SPDR Bloomberg Convertible Securities ETF by 2.2% during the first quarter. Flagstar Advisors Inc. now owns 16,964 shares of the exchange traded fund’s stock worth $1,553,000 after buying an additional 370 shares during the last quarter. Bigelow Investment Advisors LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 65.8% in the first quarter. Bigelow Investment Advisors LLC now owns 6,676 shares of the exchange traded fund’s stock valued at $611,000 after buying an additional 2,650 shares during the period. Finally, HF Advisory Group LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 3.2% in the first quarter. HF Advisory Group LLC now owns 34,109 shares of the exchange traded fund’s stock valued at $3,122,000 after buying an additional 1,042 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.4%

Shares of CWB opened at $103.85 on Wednesday. The firm’s fifty day simple moving average is $106.00 and its two-hundred day simple moving average is $98.09. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $82.78 and a 12 month high of $112.02.

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.