20,978 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Bought by Montecito Bank & Trust

Montecito Bank & Trust acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,978 shares of the exchange traded fund’s stock, valued at approximately $2,123,000.

A number of other hedge funds have also recently made changes to their positions in CWB. Western Wealth Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 1st quarter valued at about $38,000. Financial Management Professionals Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at $46,000. Bayban purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth $56,000. Union Savings Bank bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $68,000. Finally, Main Street Group LTD purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the first quarter valued at about $98,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.1%

NYSEARCA:CWB traded down $0.12 on Thursday, hitting $101.06. The stock had a trading volume of 846,868 shares, compared to its average volume of 903,283. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $85.37 and a 1 year high of $112.02. The firm’s fifty day simple moving average is $102.79 and its two-hundred day simple moving average is $102.35.

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. 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.