SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Position Decreased by BTS Asset Management Inc.

BTS Asset Management Inc. decreased its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 88.2% in the 3rd quarter, Holdings Channel reports. The firm owned 8,607 shares of the exchange traded fund’s stock after selling 64,184 shares during the period. SPDR Bloomberg Convertible Securities ETF comprises 0.6% of BTS Asset Management Inc.’s investment portfolio, making the stock its 8th largest holding. BTS Asset Management Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $659,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Eastern Bank purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $123,000. Oakworth Capital Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth $92,000. Trust Co. of Vermont purchased a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter worth $119,000. Concourse Financial Group Securities Inc. increased its stake in SPDR Bloomberg Convertible Securities ETF by 106.6% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock valued at $146,000 after acquiring an additional 984 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $77,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.6 %

CWB opened at $77.05 on Thursday. The stock has a 50-day moving average price of $75.20 and a 200-day moving average price of $73.06. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $64.56 and a 12-month high of $77.75.

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.