Financial & Tax Architects LLC Purchases New Shares in SPDR Bloomberg Convertible Securities ETF $CWB

Financial & Tax Architects LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 105,088 shares of the exchange traded fund’s stock, valued at approximately $9,618,000. SPDR Bloomberg Convertible Securities ETF makes up 2.1% of Financial & Tax Architects LLC’s investment portfolio, making the stock its 8th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Flagstar Advisors Inc. lifted 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 valued at $1,553,000 after buying an additional 370 shares in the last quarter. Bigelow Investment Advisors LLC boosted its holdings in shares of 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 worth $611,000 after buying an additional 2,650 shares during the period. HF Advisory Group LLC increased its position in shares of 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 worth $3,122,000 after acquiring an additional 1,042 shares in the last quarter. Independent Wealth Network Inc. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter worth approximately $341,000. Finally, Burns J W & Co. Inc. NY raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 7.9% during the first quarter. Burns J W & Co. Inc. NY now owns 21,243 shares of the exchange traded fund’s stock valued at $1,944,000 after acquiring an additional 1,559 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB stock opened at $107.82 on Wednesday. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $81.85 and a 52-week high of $112.02. The company’s 50 day simple moving average is $105.59 and its 200-day simple moving average is $97.56.

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.