L.M. Kohn & Company Trims Stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

L.M. Kohn & Company lessened its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,056 shares of the exchange traded fund’s stock after selling 408 shares during the quarter. L.M. Kohn & Company’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,017,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Concourse Financial Group Securities Inc. lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 106.6% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 984 shares in the last quarter. Trust Co. of Vermont purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $119,000. Oakworth Capital Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth about $92,000. Eastern Bank purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $123,000. Finally, Highline Wealth Partners LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth approximately $862,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.3 %

Shares of CWB opened at $81.32 on Friday. The stock has a 50 day moving average price of $79.70 and a 200 day moving average price of $77.50. SPDR Bloomberg Convertible Securities ETF has a one year low of $69.45 and a one 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.