Highline Wealth Partners LLC Reduces Holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Highline Wealth Partners LLC reduced its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 33.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,506 shares of the exchange traded fund’s stock after selling 3,746 shares during the period. Highline Wealth Partners LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $585,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Prime Capital Investment Advisors LLC grew its holdings in SPDR Bloomberg Convertible Securities ETF by 30.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,187 shares of the exchange traded fund’s stock worth $321,000 after acquiring an additional 974 shares during the last quarter. Concourse Financial Group Securities Inc. grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 106.6% in the third quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock worth $146,000 after purchasing an additional 984 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth about $77,000. Mount Lucas Management LP raised its position in SPDR Bloomberg Convertible Securities ETF by 3.0% during the 3rd quarter. Mount Lucas Management LP now owns 35,946 shares of the exchange traded fund’s stock valued at $2,753,000 after purchasing an additional 1,046 shares during the last quarter. Finally, Oakworth Capital Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $92,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB traded down $0.52 during mid-day trading on Friday, hitting $77.96. 319,842 shares of the company’s stock traded hands, compared to its average volume of 671,200. The business’s 50-day moving average price is $79.72 and its 200-day moving average price is $76.15. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $69.45 and a 1 year high of $82.24.

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.