Bessemer Group Inc. increased its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Free Report) by 7.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,215,879 shares of the exchange traded fund’s stock after acquiring an additional 83,758 shares during the quarter. Bessemer Group Inc. owned about 2.18% of SPDR Bloomberg Convertible Securities ETF worth $111,278,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. High Point Wealth Management LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $26,000. Arax Advisory Partners bought a new position in SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at $36,000. Highline Wealth Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $39,000. Finally, Copia Wealth Management purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $43,000.
SPDR Bloomberg Convertible Securities ETF Stock Performance
SPDR Bloomberg Convertible Securities ETF stock opened at $101.49 on Friday. The company’s 50-day moving average price is $106.21 and its 200-day moving average price is $98.79. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $83.18 and a twelve month 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.
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