Kingsbury Capital Investment Advisors LLC Trims Stake in SPDR Bloomberg Convertible Securities ETF $CWB

Kingsbury Capital Investment Advisors LLC decreased its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 50.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,647 shares of the exchange traded fund’s stock after selling 14,825 shares during the quarter. SPDR Bloomberg Convertible Securities ETF makes up 1.3% of Kingsbury Capital Investment Advisors LLC’s portfolio, making the stock its 19th biggest position. Kingsbury Capital Investment Advisors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arax Advisory Partners bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth about $36,000. Western Wealth Management LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at about $38,000. Copia Wealth Management purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at about $43,000. Finally, Financial Management Professionals Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at about $46,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA:CWB opened at $102.95 on Monday. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $85.37 and a fifty-two week high of $112.02. The firm has a 50-day simple moving average of $103.61 and a two-hundred day simple moving average of $101.32.

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.