Brindle & Bay Financial Advisors LLC Grows Stake in SPDR Bloomberg Convertible Securities ETF $CWB

Brindle & Bay Financial Advisors LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 12.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,593 shares of the exchange traded fund’s stock after buying an additional 6,300 shares during the period. SPDR Bloomberg Convertible Securities ETF makes up about 3.2% of Brindle & Bay Financial Advisors LLC’s investment portfolio, making the stock its 9th largest holding. Brindle & Bay Financial Advisors LLC owned about 0.10% of SPDR Bloomberg Convertible Securities ETF worth $5,179,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Diversify Wealth Management LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 37.6% during the 1st quarter. Diversify Wealth Management LLC now owns 5,080 shares of the exchange traded fund’s stock valued at $507,000 after acquiring an additional 1,388 shares in the last quarter. Midwest Trust Co grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 78.6% in the first quarter. Midwest Trust Co now owns 6,815 shares of the exchange traded fund’s stock worth $624,000 after purchasing an additional 3,000 shares in the last quarter. Fifth Third Bancorp acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the first quarter valued at $809,000. Graetz Wealth LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 19.1% during the first quarter. Graetz Wealth LLC now owns 34,399 shares of the exchange traded fund’s stock valued at $3,148,000 after purchasing an additional 5,522 shares during the period. Finally, Kestra Advisory Services LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% during the first quarter. Kestra Advisory Services LLC now owns 29,151 shares of the exchange traded fund’s stock valued at $2,668,000 after purchasing an additional 656 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB stock opened at $105.24 on Monday. The company has a 50-day simple moving average of $106.31 and a 200 day simple moving average of $98.41. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $83.18 and a fifty-two week high of $112.02.

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.