Sterling Investment Advisors Ltd. Has $4.26 Million Stock Holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Sterling Investment Advisors Ltd. trimmed its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 1.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 55,648 shares of the exchange traded fund’s stock after selling 993 shares during the quarter. SPDR Bloomberg Convertible Securities ETF comprises approximately 1.1% of Sterling Investment Advisors Ltd.’s portfolio, making the stock its 27th largest holding. Sterling Investment Advisors Ltd.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $4,262,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Eastern Bank acquired a new position in SPDR Bloomberg Convertible Securities ETF during the third quarter worth $123,000. Oakworth Capital Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth about $92,000. Trust Co. of Vermont bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth about $119,000. Concourse Financial Group Securities Inc. raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 106.6% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 984 shares during the last quarter. Finally, Future Financial Wealth Managment LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $77,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB traded down $0.13 during midday trading on Friday, reaching $77.18. 284,660 shares of the company were exchanged, compared to its average volume of 534,302. SPDR Bloomberg Convertible Securities ETF has a one year low of $64.56 and a one year high of $77.75. The company’s fifty day moving average price is $75.37 and its 200 day moving average price is $73.13.

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.