Sterling Investment Advisors Ltd. Has $4.08 Million Stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Sterling Investment Advisors Ltd. trimmed its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 1.7% in the second quarter, Holdings Channel reports. The fund owned 56,641 shares of the exchange traded fund’s stock after selling 993 shares during the period. SPDR Bloomberg Convertible Securities ETF accounts for about 1.1% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its 27th biggest position. Sterling Investment Advisors Ltd.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $4,082,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew its stake in SPDR Bloomberg Convertible Securities ETF by 234.6% in the first quarter. BNP Paribas Financial Markets now owns 279,750 shares of the exchange traded fund’s stock valued at $20,433,000 after acquiring an additional 196,131 shares during the period. State of Tennessee Treasury Department grew its stake in SPDR Bloomberg Convertible Securities ETF by 38.4% in the fourth quarter. State of Tennessee Treasury Department now owns 207,200 shares of the exchange traded fund’s stock valued at $14,949,000 after acquiring an additional 57,500 shares during the period. Advisors Preferred LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 263.8% in the first quarter. Advisors Preferred LLC now owns 200,560 shares of the exchange traded fund’s stock valued at $14,597,000 after acquiring an additional 145,433 shares during the period. Janney Montgomery Scott LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 4.1% in the fourth quarter. Janney Montgomery Scott LLC now owns 166,756 shares of the exchange traded fund’s stock valued at $12,032,000 after acquiring an additional 6,598 shares during the period. Finally, Montecito Bank & Trust boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 48.3% during the first quarter. Montecito Bank & Trust now owns 33,640 shares of the exchange traded fund’s stock worth $2,457,000 after buying an additional 10,963 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.1 %

CWB stock opened at $73.27 on Friday. The business has a 50-day moving average of $72.94 and a 200-day moving average of $72.14. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $64.56 and a fifty-two week high of $74.35.

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.