Mount Lucas Management LP Trims Stock Holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Mount Lucas Management LP reduced its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,902 shares of the exchange traded fund’s stock after selling 2,044 shares during the period. SPDR Bloomberg Convertible Securities ETF accounts for 0.9% of Mount Lucas Management LP’s portfolio, making the stock its 20th biggest holding. Mount Lucas Management LP’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $2,641,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Prime Capital Investment Advisors LLC boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 30.3% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,187 shares of the exchange traded fund’s stock worth $321,000 after buying an additional 974 shares during the period. Private Trust Co. NA boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 37.8% in the third quarter. Private Trust Co. NA now owns 5,677 shares of the exchange traded fund’s stock worth $435,000 after acquiring an additional 1,558 shares during the period. Dorsey Wright & Associates purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth about $571,000. JPMorgan Chase & Co. grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 120,893 shares of the exchange traded fund’s stock worth $9,259,000 after purchasing an additional 20,878 shares in the last quarter. Finally, Worth Asset Management LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at approximately $365,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

CWB stock opened at $77.55 on Monday. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $69.45 and a 1-year high of $82.24. The business has a 50 day simple moving average of $79.51 and a two-hundred day simple moving average of $78.26.

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.