Worth Asset Management LLC Invests $365,000 in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Worth Asset Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 4,691 shares of the exchange traded fund’s stock, valued at approximately $365,000.

A number of other institutional investors have also recently added to or reduced their stakes in CWB. Duncan Williams Asset Management LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at approximately $395,000. Trust Co. of Vermont acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth $119,000. Goodman Advisory Group LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 16,007.9% in the 2nd 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 in the last quarter. Arkos Global Advisors grew its stake in SPDR Bloomberg Convertible Securities ETF by 2.1% in the 2nd quarter. Arkos Global Advisors now owns 70,130 shares of the exchange traded fund’s stock valued at $5,054,000 after acquiring an additional 1,442 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at about $92,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.6 %

Shares of NYSEARCA CWB traded down $0.48 on Wednesday, hitting $78.29. The company’s stock had a trading volume of 219,055 shares, compared to its average volume of 702,224. The stock has a 50 day moving average of $79.67 and a 200-day moving average of $76.12. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $69.45 and a 12-month high of $82.24.

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.