Rockland Trust Co. Trims Stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Rockland Trust Co. cut its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,533 shares of the exchange traded fund’s stock after selling 232 shares during the quarter. Rockland Trust Co.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $730,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Waterloo Capital L.P. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $232,000. State of Tennessee Treasury Department lifted its position in SPDR Bloomberg Convertible Securities ETF by 38.4% during the 4th quarter. State of Tennessee Treasury Department now owns 207,200 shares of the exchange traded fund’s stock worth $14,949,000 after acquiring an additional 57,500 shares during the period. ARK & TLK Investments LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at approximately $1,224,000. Montecito Bank & Trust increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 48.3% in the first quarter. Montecito Bank & Trust now owns 33,640 shares of the exchange traded fund’s stock valued at $2,457,000 after purchasing an additional 10,963 shares during the period. Finally, Kingswood Wealth Advisors LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter valued at approximately $460,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of NYSEARCA CWB traded up $0.45 during mid-day trading on Friday, hitting $76.66. 474,608 shares of the company were exchanged, compared to its average volume of 533,034. The stock has a 50 day simple moving average of $73.91 and a 200-day simple moving average of $72.64. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $64.56 and a 1-year high of $76.73.

About SPDR Bloomberg Convertible Securities ETF

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.