PNC Financial Services Group Inc. Reduces Stock Position in SPDR Bloomberg Convertible Securities ETF $CWB

PNC Financial Services Group Inc. lessened its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 3.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 753,977 shares of the exchange traded fund’s stock after selling 28,196 shares during the period. PNC Financial Services Group Inc. owned approximately 1.35% of SPDR Bloomberg Convertible Securities ETF worth $69,004,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in CWB. Bank of America Corp DE boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 0.5% during the 3rd quarter. Bank of America Corp DE now owns 2,634,532 shares of the exchange traded fund’s stock valued at $238,425,000 after acquiring an additional 13,467 shares during the period. LPL Financial LLC grew its position in SPDR Bloomberg Convertible Securities ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after purchasing an additional 35,217 shares during the last quarter. Wells Fargo & Company MN increased its stake in SPDR Bloomberg Convertible Securities ETF by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,483,024 shares of the exchange traded fund’s stock valued at $132,286,000 after purchasing an additional 48,840 shares in the last quarter. Bessemer Group Inc. increased its stake in SPDR Bloomberg Convertible Securities ETF by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after purchasing an additional 83,758 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in SPDR Bloomberg Convertible Securities ETF by 15.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock worth $92,957,000 after buying an additional 142,387 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB opened at $103.17 on Friday. The company’s 50-day simple moving average is $106.00 and its two-hundred day simple moving average is $99.23. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $83.18 and a 52-week high of $112.02.

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. 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.