Arrow Investment Advisors LLC Makes New Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Arrow Investment Advisors LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 13,123 shares of the exchange traded fund’s stock, valued at approximately $1,188,000. SPDR Bloomberg Convertible Securities ETF comprises approximately 1.3% of Arrow Investment Advisors LLC’s investment portfolio, making the stock its 13th largest position.

Other hedge funds also recently modified their holdings of the company. McAdam LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 3.9% in the 3rd quarter. McAdam LLC now owns 115,222 shares of the exchange traded fund’s stock valued at $10,428,000 after buying an additional 4,366 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 6.2% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 217,865 shares of the exchange traded fund’s stock worth $20,035,000 after acquiring an additional 12,758 shares during the period. Yorktown Management & Research Co Inc acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $4,525,000. Smithbridge Asset Management Inc. DE bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth approximately $958,000. Finally, Pinnacle Financial Partners Inc increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 18.5% during the third quarter. Pinnacle Financial Partners Inc now owns 8,365 shares of the exchange traded fund’s stock worth $757,000 after purchasing an additional 1,303 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB opened at $93.11 on Wednesday. The business has a fifty day simple moving average of $90.43 and a 200 day simple moving average of $88.99. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $70.56 and a 1 year high of $94.94.

SPDR Bloomberg Convertible Securities ETF Company 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.