Baird Financial Group Inc. Purchases Shares of 5,052 SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Baird Financial Group Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,052 shares of the exchange traded fund’s stock, valued at approximately $394,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 117.1% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 471 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 254 shares during the period. Boyd Watterson Asset Management LLC OH bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $45,000. CIBC Private Wealth Group LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 18.5% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,616 shares of the exchange traded fund’s stock valued at $362,000 after acquiring an additional 721 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 5.7% in the fourth quarter. Integrated Wealth Concepts LLC now owns 14,299 shares of the exchange traded fund’s stock valued at $1,114,000 after acquiring an additional 769 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB opened at $80.46 on Friday. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $70.12 and a 1-year high of $82.24. The business has a 50 day moving average of $76.61 and a 200-day moving average of $78.58.

SPDR Bloomberg Convertible Securities ETF 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.