Cambridge Investment Research Advisors Inc. Trims Stock Position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Cambridge Investment Research Advisors Inc. decreased its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 9.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 286,249 shares of the exchange traded fund’s stock after selling 28,375 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $20,653,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Archer Investment Corp acquired a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $59,000. Baystate Wealth Management LLC lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 124.5% in the 4th quarter. Baystate Wealth Management LLC now owns 907 shares of the exchange traded fund’s stock valued at $65,000 after purchasing an additional 503 shares during the period. NBC Securities Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter worth $277,000. MeadowBrook Investment Advisors LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at $322,000. Finally, Cary Street Partners Investment Advisory LLC grew its position in SPDR Bloomberg Convertible Securities ETF by 1,491.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 6,174 shares of the exchange traded fund’s stock valued at $445,000 after buying an additional 5,786 shares during the period.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.7 %

Shares of SPDR Bloomberg Convertible Securities ETF stock traded up $0.47 during trading hours on Friday, reaching $72.22. The stock had a trading volume of 119,784 shares, compared to its average volume of 532,364. The stock’s 50 day moving average is $71.67 and its 200 day moving average is $70.92. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $64.56 and a twelve month high of $73.43.

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.