Hyundai Investments Co. Ltd. Makes New Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Hyundai Investments Co. Ltd. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,054 shares of the exchange traded fund’s stock, valued at approximately $453,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MML Investors Services LLC increased its stake in SPDR Bloomberg Convertible Securities ETF by 1.8% during the 4th quarter. MML Investors Services LLC now owns 119,801 shares of the exchange traded fund’s stock worth $10,686,000 after buying an additional 2,102 shares during the period. Mariner LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 16.0% during the 4th quarter. Mariner LLC now owns 14,953 shares of the exchange traded fund’s stock worth $1,334,000 after buying an additional 2,061 shares in the last quarter. Focus Partners Wealth boosted its position in SPDR Bloomberg Convertible Securities ETF by 12.1% in the 4th quarter. Focus Partners Wealth now owns 19,795 shares of the exchange traded fund’s stock valued at $1,766,000 after buying an additional 2,140 shares during the period. Hudson Portfolio Management LLC grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 6.0% in the fourth quarter. Hudson Portfolio Management LLC now owns 28,177 shares of the exchange traded fund’s stock worth $2,513,000 after acquiring an additional 1,591 shares in the last quarter. Finally, Arax Advisory Partners acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $30,000.

SPDR Bloomberg Convertible Securities ETF Stock Up 2.7%

SPDR Bloomberg Convertible Securities ETF stock opened at $109.77 on Tuesday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $80.00 and a twelve month high of $112.02. The stock’s fifty day simple moving average is $103.03 and its 200-day simple moving average is $96.15.

SPDR Bloomberg Convertible Securities ETF Company 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.