Telos Capital Management Inc. Buys 7,945 Shares of SPDR Bloomberg Convertible Securities ETF $CWB

Telos Capital Management Inc. bought a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, Holdings Channel.com reports. The institutional investor bought 7,945 shares of the exchange traded fund’s stock, valued at approximately $804,000.

Several other hedge funds and other institutional investors have also modified their holdings of CWB. Talon Private Wealth LLC raised its position in SPDR Bloomberg Convertible Securities ETF by 25.4% during the second quarter. Talon Private Wealth LLC now owns 29,986 shares of the exchange traded fund’s stock valued at $3,233,000 after buying an additional 6,074 shares during the period. Brindle & Bay Financial Advisors LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 12.5% in the 1st quarter. Brindle & Bay Financial Advisors LLC now owns 56,593 shares of the exchange traded fund’s stock worth $5,179,000 after acquiring an additional 6,300 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth about $1,117,000. Dorsey Wright & Associates boosted its position in SPDR Bloomberg Convertible Securities ETF by 603.9% during the 1st quarter. Dorsey Wright & Associates now owns 29,291 shares of the exchange traded fund’s stock worth $2,681,000 after acquiring an additional 25,130 shares during the period. Finally, Midwest Professional Planners LTD. acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth about $3,564,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 3.1%

NYSEARCA:CWB opened at $90.73 on Friday. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $85.37 and a fifty-two week high of $112.02. The stock’s 50-day moving average is $99.54 and its two-hundred day moving average is $100.10.

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. 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.