Montecito Bank & Trust Sells 6,885 Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Montecito Bank & Trust lessened its position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 20.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,238 shares of the exchange traded fund’s stock after selling 6,885 shares during the quarter. Montecito Bank & Trust’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $2,044,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Goodman Advisory Group LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 16,007.9% in the 2nd quarter. Goodman Advisory Group LLC now owns 154,153 shares of the exchange traded fund’s stock worth $11,108,000 after purchasing an additional 153,196 shares in the last quarter. JPMorgan Chase & Co. lifted its position in SPDR Bloomberg Convertible Securities ETF by 20.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 120,893 shares of the exchange traded fund’s stock worth $9,259,000 after buying an additional 20,878 shares during the last quarter. Highline Wealth Partners LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter worth approximately $862,000. Dorsey Wright & Associates bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $571,000. Finally, Sonata Capital Group Inc. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth about $501,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.2 %

Shares of CWB stock opened at $80.47 on Friday. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $69.45 and a fifty-two week high of $82.24. The stock has a 50 day moving average price of $79.88 and a two-hundred day moving average price of $76.66.

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.