Bank of New York Mellon Corp Takes Position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Bank of New York Mellon Corp purchased a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,025 shares of the exchange traded fund’s stock, valued at approximately $236,000.

Other large investors have also bought and sold shares of the company. Dorsey Wright & Associates purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at about $571,000. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 120,893 shares of the exchange traded fund’s stock valued at $9,259,000 after purchasing an additional 20,878 shares during the last quarter. Worth Asset Management LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth approximately $365,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 117.1% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 471 shares of the exchange traded fund’s stock worth $37,000 after buying an additional 254 shares during the last quarter. Finally, Kingswood Wealth Advisors LLC increased its position in SPDR Bloomberg Convertible Securities ETF by 18.0% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 18,964 shares of the exchange traded fund’s stock valued at $1,477,000 after buying an additional 2,893 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Trading Down 1.1 %

Shares of NYSEARCA:CWB opened at $76.93 on Friday. The stock has a fifty day simple moving average of $79.18 and a two-hundred day simple moving average of $78.62. 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.