TFG Advisers LLC Decreases Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

TFG Advisers LLC cut its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 3.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 38,240 shares of the exchange traded fund’s stock after selling 1,174 shares during the period. SPDR Bloomberg Convertible Securities ETF comprises approximately 1.1% of TFG Advisers LLC’s holdings, making the stock its 21st largest position. TFG Advisers LLC owned approximately 0.08% of SPDR Bloomberg Convertible Securities ETF worth $3,161,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Sunbelt Securities Inc. boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 5.5% in the 1st quarter. Sunbelt Securities Inc. now owns 2,673 shares of the exchange traded fund’s stock worth $205,000 after buying an additional 139 shares during the period. Farrell Financial LLC boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 1.2% in the 2nd quarter. Farrell Financial LLC now owns 13,252 shares of the exchange traded fund’s stock worth $1,095,000 after buying an additional 159 shares during the period. Mascagni Wealth Management Inc. boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 4.8% in the 1st quarter. Mascagni Wealth Management Inc. now owns 4,434 shares of the exchange traded fund’s stock worth $345,000 after buying an additional 204 shares during the period. First National Corp MA ADV boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 0.7% in the 2nd quarter. First National Corp MA ADV now owns 30,183 shares of the exchange traded fund’s stock worth $2,495,000 after buying an additional 217 shares during the period. Finally, Focused Wealth Management Inc boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 6.2% in the 2nd quarter. Focused Wealth Management Inc now owns 3,729 shares of the exchange traded fund’s stock worth $308,000 after buying an additional 217 shares during the period.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.9%

Shares of CWB stock opened at $91.32 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $70.56 and a 52 week high of $91.36. The company’s fifty day simple moving average is $86.77 and its two-hundred day simple moving average is $81.87.

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.