SPDR Bloomberg Convertible Securities ETF
CWB

$75.33

0.12%

Market Cap: $3.23B

Funds holding %

of 6,728 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

4.93% less ownership

Funds ownership: 63.5% [Q1] → 58.57% (-4.93%) [Q2]

5% less funds holding

Funds holding: 456 [Q1] → 431 (-25) [Q2]

14% less capital invested

Capital invested by funds: $2.34B [Q1] → $2.01B (-$328M) [Q2]

36% less funds holding in top 10

Funds holding in top 10: 14 [Q1] → 9 (-5) [Q2]

39% less repeat investments, than reductions

Existing positions increased: 111 | Existing positions reduced: 182

45% less first-time investments, than exits

New positions opened: 31 | Existing positions closed: 56

56% less call options, than puts

Call options by funds: $346K | Put options by funds: $793K

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Research analyst outlook

We haven’t received any recent analyst ratings for CWB.

See Analyst Rankings

Financial journalist opinion

Positive

Seeking Alpha

6 months ago

CWB: A Useful Tactical Allocation Instrument

SPDR® Bloomberg Convertible Securities ETF holds a portfolio of convertible securities and is well-diversified. The CWB ETF is a hybrid asset with characteristics of both equity and fixed income, and its behavior is closer to a stock index than a bond index. CWB doesn't look attractive as a long-term investment, but it is a good instrument for tactical allocation in a rotational model.