Navellier & Associates Inc. Makes New $201,000 Investment in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Navellier & Associates Inc. acquired a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,578 shares of the exchange traded fund’s stock, valued at approximately $201,000.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in 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 acquiring an additional 254 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 20.9% during the 3rd 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. Highline Wealth Partners LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at approximately $862,000. Boyd Watterson Asset Management LLC OH bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at approximately $27,000. Finally, Prime Capital Investment Advisors LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 30.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,187 shares of the exchange traded fund’s stock valued at $321,000 after purchasing an additional 974 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA CWB opened at $79.87 on Monday. The business’s 50 day moving average price is $79.68 and its 200-day moving average price is $77.85. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $69.45 and a fifty-two week 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.