Paulson Wealth Management Inc. Purchases 18,402 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Paulson Wealth Management Inc. grew its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 161,948 shares of the exchange traded fund’s stock after acquiring an additional 18,402 shares during the period. SPDR Bloomberg Convertible Securities ETF comprises 3.5% of Paulson Wealth Management Inc.’s portfolio, making the stock its 7th largest holding. Paulson Wealth Management Inc. owned 0.32% of SPDR Bloomberg Convertible Securities ETF worth $14,656,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $26,000. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $29,000. Caldwell Trust Co acquired a new position in SPDR Bloomberg Convertible Securities ETF during the second quarter worth $33,000. Mather Group LLC. purchased a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter worth $35,000. Finally, Proffitt & Goodson Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter valued at $36,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA CWB opened at $95.73 on Thursday. SPDR Bloomberg Convertible Securities ETF has a one year low of $70.56 and a one year high of $96.17. The company’s fifty day moving average is $91.09 and its two-hundred day moving average is $89.41.

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.