PNC Financial Services Group Inc. Sells 28,196 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

PNC Financial Services Group Inc. reduced its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 3.6% in the first quarter, according to its most recent filing with the SEC. The fund owned 753,977 shares of the exchange traded fund’s stock after selling 28,196 shares during the period. PNC Financial Services Group Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $69,004,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Qube Research & Technologies Ltd increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 66.4% during the second quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock worth $406,000 after acquiring an additional 1,961 shares during the period. NewEdge Advisors LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 374.1% during the 2nd quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after buying an additional 39,719 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at about $216,000. Diversify Wealth Management LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $344,000. Finally, Raymond James Financial Inc. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 7.4% during the 2nd quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock worth $30,005,000 after acquiring an additional 25,039 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA CWB opened at $103.17 on Friday. The company’s 50-day simple moving average is $106.00 and its two-hundred day simple moving average is $99.23. SPDR Bloomberg Convertible Securities ETF has a one year low of $83.18 and a one year high of $112.02.

About SPDR Bloomberg Convertible Securities ETF

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.