UBS Group AG Purchases 6,570 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

UBS Group AG lifted its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 481,658 shares of the exchange traded fund’s stock after acquiring an additional 6,570 shares during the period. UBS Group AG’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $42,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd boosted its stake in SPDR Bloomberg Convertible Securities ETF by 66.4% during the second quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock worth $406,000 after buying an additional 1,961 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 374.1% in the 2nd quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock valued at $4,161,000 after buying an additional 39,719 shares in the last quarter. Diversify Advisory Services LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at $216,000. Diversify Wealth Management LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $344,000. Finally, Raymond James Financial Inc. lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock worth $30,005,000 after acquiring an additional 25,039 shares during the period.

SPDR Bloomberg Convertible Securities ETF Trading Up 1.7%

Shares of SPDR Bloomberg Convertible Securities ETF stock opened at $105.65 on Thursday. The firm’s 50-day simple moving average is $95.66 and its 200-day simple moving average is $93.16. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $77.99 and a twelve month high of $105.77.

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.