Cetera Investment Advisers Sells 1,313,437 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Cetera Investment Advisers decreased its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 91.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 121,412 shares of the exchange traded fund’s stock after selling 1,313,437 shares during the period. Cetera Investment Advisers owned about 0.22% of SPDR Bloomberg Convertible Securities ETF worth $11,112,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. High Point Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $26,000. Arax Advisory Partners acquired a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $36,000. Copia Wealth Management bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $43,000. Finally, Creative Financial Designs Inc. ADV increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 264.0% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 586 shares of the exchange traded fund’s stock valued at $52,000 after buying an additional 425 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Stock Up 3.2%

SPDR Bloomberg Convertible Securities ETF stock opened at $101.49 on Friday. The stock has a 50-day simple moving average of $105.69 and a 200 day simple moving average of $99.53. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $83.18 and a 12-month high of $112.02.

About SPDR Bloomberg Convertible Securities ETF

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.