SPDR Bloomberg Convertible Securities ETF $CWB Shares Newly Purchased by Montecito Bank & Trust

Montecito Bank & Trust bought a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 20,978 shares of the exchange traded fund’s stock, valued at approximately $2,123,000.

Several other institutional investors also recently bought and sold shares of the stock. Envestnet Portfolio Solutions Inc. grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 119.6% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 5,289 shares of the exchange traded fund’s stock valued at $570,000 after purchasing an additional 2,880 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in SPDR Bloomberg Convertible Securities ETF by 346.2% during the second quarter. Envestnet Asset Management Inc. now owns 2,004,950 shares of the exchange traded fund’s stock valued at $216,174,000 after purchasing an additional 1,555,591 shares in the last quarter. Talon Private Wealth LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 25.4% during the second quarter. Talon Private Wealth LLC now owns 29,986 shares of the exchange traded fund’s stock valued at $3,233,000 after purchasing an additional 6,074 shares in the last quarter. Tidal Investments LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 45.1% during the second quarter. Tidal Investments LLC now owns 46,441 shares of the exchange traded fund’s stock valued at $5,000,000 after purchasing an additional 14,444 shares in the last quarter. Finally, BlueCrest Capital Management Ltd bought a new position in SPDR Bloomberg Convertible Securities ETF during the second quarter valued at $100,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA:CWB traded down $0.12 on Thursday, reaching $101.06. The company’s stock had a trading volume of 846,868 shares, compared to its average volume of 903,283. The company has a 50-day simple moving average of $102.79 and a 200 day simple moving average of $102.35. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $85.37 and a 52-week high of $112.02.

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. 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.