Duncan Williams Asset Management LLC Makes New Investment in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Duncan Williams Asset Management LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 5,160 shares of the exchange traded fund’s stock, valued at approximately $395,000.

Several other large investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in SPDR Bloomberg Convertible Securities ETF by 234.6% during the first quarter. BNP Paribas Financial Markets now owns 279,750 shares of the exchange traded fund’s stock worth $20,433,000 after buying an additional 196,131 shares during the last quarter. State of Tennessee Treasury Department grew its stake in SPDR Bloomberg Convertible Securities ETF by 38.4% during the fourth quarter. State of Tennessee Treasury Department now owns 207,200 shares of the exchange traded fund’s stock worth $14,949,000 after buying an additional 57,500 shares during the last quarter. Advisors Preferred LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 263.8% during the first quarter. Advisors Preferred LLC now owns 200,560 shares of the exchange traded fund’s stock worth $14,597,000 after buying an additional 145,433 shares during the last quarter. Goodman Advisory Group LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 16,007.9% during the second quarter. Goodman Advisory Group LLC now owns 154,153 shares of the exchange traded fund’s stock worth $11,108,000 after buying an additional 153,196 shares during the last quarter. Finally, Arkos Global Advisors grew its stake in SPDR Bloomberg Convertible Securities ETF by 2.1% during the second quarter. Arkos Global Advisors now owns 70,130 shares of the exchange traded fund’s stock worth $5,054,000 after buying an additional 1,442 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.3 %

Shares of CWB stock opened at $76.23 on Friday. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $64.56 and a 1 year high of $76.73. The firm’s 50 day moving average is $73.84 and its 200-day moving average is $72.61.

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.