AMJ Financial Wealth Management Invests $4 Million in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

AMJ Financial Wealth Management purchased a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 4th quarter, Holdings Channel.com reports. The firm purchased 51,338 shares of the exchange traded fund’s stock, valued at approximately $3,999,000.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at approximately $152,000. Jones Financial Companies Lllp lifted its stake in SPDR Bloomberg Convertible Securities ETF by 57.9% in the fourth quarter. Jones Financial Companies Lllp now owns 14,479 shares of the exchange traded fund’s stock valued at $1,128,000 after buying an additional 5,311 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $236,000. Navellier & Associates Inc. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at $201,000. Finally, Boyd Watterson Asset Management LLC OH bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth about $27,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 1.3 %

CWB stock opened at $78.09 on Tuesday. The firm’s 50-day simple moving average is $79.62 and its 200 day simple moving average is $78.09. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $69.45 and a fifty-two week high of $82.24.

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.