SPDR Bloomberg Convertible Securities ETF $CWB Shares Purchased by Dorsey Wright & Associates

Dorsey Wright & Associates increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 603.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,291 shares of the exchange traded fund’s stock after purchasing an additional 25,130 shares during the period. Dorsey Wright & Associates owned 0.05% of SPDR Bloomberg Convertible Securities ETF worth $2,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Main Street Group LTD purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at approximately $98,000. Bessemer Group Inc. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 7.4% in the first quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after purchasing an additional 83,758 shares during the last quarter. Independent Financial Group LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at about $1,460,000. Wealthfront Advisers LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter valued at approximately $210,000. Finally, D.A. Davidson & CO. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 83.6% during the 1st quarter. D.A. Davidson & CO. now owns 13,495 shares of the exchange traded fund’s stock valued at $1,235,000 after buying an additional 6,145 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB stock opened at $101.49 on Friday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $83.18 and a twelve month high of $112.02. The firm has a 50-day moving average price of $106.21 and a 200 day moving average price of $98.79.

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.