Webster Bank N. A. Cuts Position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)

Webster Bank N. A. lessened its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 6.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,566 shares of the exchange traded fund’s stock after selling 670 shares during the period. Webster Bank N. A.’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $809,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 291.8% in the first quarter. EverSource Wealth Advisors LLC now owns 380 shares of the exchange traded fund’s stock worth $27,000 after acquiring an additional 283 shares during the period. ORG Partners LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $53,000. Future Financial Wealth Managment LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth about $73,000. Concourse Financial Group Securities Inc. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 106.6% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 984 shares in the last quarter. Finally, Burke & Herbert Bank & Trust Co. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at about $273,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

SPDR Bloomberg Convertible Securities ETF stock traded up $0.85 during midday trading on Friday, hitting $77.45. 947,779 shares of the company’s stock were exchanged, compared to its average volume of 533,565. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $64.56 and a 52-week high of $77.47. The stock has a 50-day moving average price of $74.30 and a two-hundred day moving average price of $72.79.

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.