First Merchants Corp Purchases 1,505 Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

First Merchants Corp raised its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 16.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,655 shares of the exchange traded fund’s stock after purchasing an additional 1,505 shares during the quarter. First Merchants Corp’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $830,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in SPDR Bloomberg Convertible Securities ETF by 117.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 471 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 254 shares during the last quarter. JPMorgan Chase & Co. raised its position in SPDR Bloomberg Convertible Securities ETF by 20.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 120,893 shares of the exchange traded fund’s stock worth $9,259,000 after buying an additional 20,878 shares during the last quarter. Trust Co. of Vermont purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth about $119,000. Oakworth Capital Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth about $92,000. Finally, Highline Wealth Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth about $862,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of CWB stock opened at $81.32 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $69.45 and a 12-month high of $82.24. The firm’s 50 day moving average is $79.70 and its 200 day moving average is $77.46.

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.