Sonata Capital Group Inc. Purchases 6,535 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Sonata Capital Group Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, HoldingsChannel reports. The institutional investor purchased 6,535 shares of the exchange traded fund’s stock, valued at approximately $661,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 2,654,014 shares of the exchange traded fund’s stock worth $242,895,000 after purchasing an additional 26,717 shares during the last quarter. Howard Capital Management LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 1.3% in the 3rd quarter. Howard Capital Management LLC now owns 2,020,000 shares of the exchange traded fund’s stock valued at $204,384,000 after purchasing an additional 26,904 shares during the period. Envestnet Asset Management Inc. lifted its stake in SPDR Bloomberg Convertible Securities ETF by 346.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,004,950 shares of the exchange traded fund’s stock valued at $216,174,000 after purchasing an additional 1,555,591 shares during the last quarter. Bessemer Group Inc. lifted its stake in SPDR Bloomberg Convertible Securities ETF by 7.4% in the 1st 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. Finally, Delta Capital Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $119,999,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.3%

SPDR Bloomberg Convertible Securities ETF stock traded up $0.33 during midday trading on Monday, reaching $95.37. 158,465 shares of the company’s stock were exchanged, compared to its average volume of 892,595. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $85.37 and a 52 week high of $112.02. The stock’s 50-day simple moving average is $102.18 and its 200 day simple moving average is $102.98.

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.