SPDR Bloomberg Convertible Securities ETF $CWB Stock: Kestra Advisory Services LLC Grows Position

Kestra Advisory Services LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 161.7% in the third quarter, Holdings Channel.com reports. The firm owned 66,220 shares of the exchange traded fund’s stock after acquiring an additional 40,915 shares during the quarter. Kestra Advisory Services LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $6,700,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Bank of America Corp DE raised its stake in SPDR Bloomberg Convertible Securities ETF by 1.0% during the first 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 period. Howard Capital Management LLC boosted 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 last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of 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. boosted its holdings in shares of 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 purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $119,999,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of NYSEARCA CWB opened at $93.84 on Thursday. The firm has a fifty day moving average of $98.75 and a 200-day moving average of $100.08. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $85.37 and a 52-week 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.