Valmark Advisers’s State Street SPDR Bloomberg Convertible Securities ETF CWB Stock Holding History

Valmark Advisers’s Portfolio CWB Stock Details CWB Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2017 Q4	–	Sell	-6,169	Closed	-$315K	–	190
2017 Q3	$315K	Hold	6,169	–	–	0.01%	60
2017 Q2	$306K	Hold	6,169	–	–	0.01%	59
2017 Q1	$297K	Hold	6,169	–	–	0.01%	61
2016 Q4	$282K	Buy	6,169 +238	+4%	+$10.9K	0.01%	63
2016 Q3	$275K	Hold	5,931	–	–	0.01%	66
2016 Q2	$260K	Hold	5,931	–	–	0.01%	63
2016 Q1	$256K	Hold	5,931	–	–	0.01%	62
2015 Q4	$257K	Buy	+5,931	New	+$272K	0.01%	58
2015 Q3	–	Sell	-5,956	Closed	-$283K	–	62
2015 Q2	$283K	Sell	5,956 -161	-3%	-$7.81K	0.01%	50
2015 Q1	$292K	Buy	+6,117	New	+$289K	0.01%	49
2014 Q4	–	Sell	-4,297	Closed	-$213K	–	55
2014 Q3	$213K	Sell	4,297 -883	-17%	-$44.4K	0.01%	51
2014 Q2	$262K	Hold	5,180	–	–	0.01%	48
2014 Q1	$251K	Buy	+5,180	New	+$249K	0.01%	48

Other funds holding CWB

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $2.3T AUM 54.33% 1-Year Est. Return

MFM

MD Financial Management Ottawa, Ontario, Canada $4.15B AUM 11.74% 1-Year Est. Return

PNC Financial Services Group Pittsburgh, Pennsylvania $202B AUM 37.79% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Bank of Montreal Toronto, Ontario, Canada $304B AUM 35.64% 1-Year Est. Return

Ameriprise Minneapolis, Minnesota $495B AUM 43.24% 1-Year Est. Return

LPL Financial San Diego, California $445B AUM 25.58% 1-Year Est. Return

Valmark Advisers's CWB Position: Q4 2017 in Review

Valmark Advisers sold out of State Street SPDR Bloomberg Convertible Securities ETF (CWB) in Q4 2017, closing a stake of 6,169 shares — an estimated $315K sold.

Valmark Advisers first reported a position in CWB in Q1 2014 and held it in 13 quarters. The position peaked at $315K in Q3 2017. 325 funds tracked by Wall St. Rank hold CWB as of Q4 2017.

Valmark Advisers reported no remaining State Street SPDR Bloomberg Convertible Securities ETF position as of Q4 2017 after selling out during the quarter.
Valmark Advisers sold 6,169 State Street SPDR Bloomberg Convertible Securities ETF shares in Q4 2017, an estimated $315K.
Valmark Advisers first reported a position in State Street SPDR Bloomberg Convertible Securities ETF in Q1 2014 and held it in 13 quarters.
Valmark Advisers's State Street SPDR Bloomberg Convertible Securities ETF position peaked at $315K in Q3 2017.
325 funds tracked by Wall St. Rank held State Street SPDR Bloomberg Convertible Securities ETF as of Q4 2017.

Based on Valmark Advisers's 13F filing for Q4 2017, filed 9 Feb 2018.