Truist Financial Corp Cuts Stake in SPDR Bloomberg Convertible Securities ETF $CWB

Truist Financial Corp lessened its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 9.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 215,808 shares of the exchange traded fund’s stock after selling 23,671 shares during the quarter. Truist Financial Corp’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $19,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CWB. Northwestern Mutual Wealth Management Co. increased its stake in SPDR Bloomberg Convertible Securities ETF by 12.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 655,027 shares of the exchange traded fund’s stock valued at $54,145,000 after purchasing an additional 69,970 shares in the last quarter. Ocean Park Asset Management LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth approximately $51,928,000. Goodman Advisory Group LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth approximately $41,164,000. H&H Retirement Design & Management INC grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 7.3% during the second quarter. H&H Retirement Design & Management INC now owns 410,452 shares of the exchange traded fund’s stock valued at $34,872,000 after buying an additional 27,962 shares during the last quarter. Finally, Raymond James Financial Inc. grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during the second quarter. Raymond James Financial Inc. now owns 362,992 shares of the exchange traded fund’s stock valued at $30,005,000 after buying an additional 25,039 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB opened at $93.40 on Friday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $70.56 and a twelve month high of $96.17. The firm has a 50 day moving average of $91.39 and a 200 day moving average of $89.51.

SPDR Bloomberg Convertible Securities ETF Company 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. 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.