Traub Capital Management LLC Takes $216,000 Position in SPDR Bloomberg Convertible Securities ETF $CWB

Traub Capital Management LLC bought a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,610 shares of the exchange traded fund’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boyd Watterson Asset Management LLC OH acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the second quarter worth about $26,000. First Command Advisory Services Inc. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $29,000. Proffitt & Goodson Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $36,000. Farmers & Merchants Trust Co of Chambersburg PA purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $50,000. Finally, SVB Wealth LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth approximately $53,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA CWB opened at $88.13 on Wednesday. SPDR Bloomberg Convertible Securities ETF has a one year low of $70.56 and a one year high of $94.94. The company’s 50 day moving average price is $91.21 and its 200 day moving average price is $85.82.

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.