SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Shares Sold by Sterling Investment Advisors Ltd.

Sterling Investment Advisors Ltd. cut its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 54,241 shares of the exchange traded fund’s stock after selling 1,407 shares during the period. SPDR Bloomberg Convertible Securities ETF comprises 1.0% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 28th biggest position. Sterling Investment Advisors Ltd.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $4,225,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $236,000. Navellier & Associates Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $201,000. Boyd Watterson Asset Management LLC OH purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $27,000. Roxbury Financial LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at approximately $45,000. Finally, First Merchants Corp raised its position in SPDR Bloomberg Convertible Securities ETF by 16.4% in the fourth quarter. First Merchants Corp now owns 10,655 shares of the exchange traded fund’s stock valued at $830,000 after purchasing an additional 1,505 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.7 %

SPDR Bloomberg Convertible Securities ETF stock opened at $79.30 on Tuesday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $69.45 and a twelve month high of $82.24. The stock’s fifty day simple moving average is $79.64 and its 200-day simple moving average is $77.91.

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.