Bessemer Group Inc. Buys 83,758 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Bessemer Group Inc. lifted its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 7.4% in the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,215,879 shares of the exchange traded fund’s stock after purchasing an additional 83,758 shares during the period. Bessemer Group Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $111,278,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 12.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock worth $5,065,000 after acquiring an additional 6,322 shares in the last quarter. Liberty Atlantic Advisors LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at about $457,000. LPL Financial LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% in the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after purchasing an additional 35,217 shares in the last quarter. FORM Wealth Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $563,000. Finally, Annex Advisory Services LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $534,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB stock opened at $101.49 on Friday. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $83.18 and a 52-week high of $112.02. The company’s 50 day moving average is $106.21 and its 200 day moving average is $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.