SPDR Bloomberg Convertible Securities ETF $CWB Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC cut its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 21.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 23,798 shares of the exchange traded fund’s stock after selling 6,570 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $2,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in the company. Sigma Planning Corp purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth $1,048,000. Citizens Financial Group Inc. RI acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth about $234,000. Simplicity Wealth LLC lifted its position in SPDR Bloomberg Convertible Securities ETF by 3.9% during the 3rd quarter. Simplicity Wealth LLC now owns 22,720 shares of the exchange traded fund’s stock worth $2,299,000 after acquiring an additional 863 shares during the period. NTV Asset Management LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at about $9,555,000. Finally, Sowell Financial Services LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at about $2,623,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

SPDR Bloomberg Convertible Securities ETF stock opened at $95.15 on Tuesday. The business’s 50-day simple moving average is $101.06 and its two-hundred day simple moving average is $100.04. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $85.37 and a fifty-two week high of $112.02.

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. Convertible Bond >$500MM Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index.