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

Telos Capital Management Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,945 shares of the exchange traded fund’s stock, valued at approximately $804,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CWB. Talon Private Wealth LLC boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 25.4% in the 2nd quarter. Talon Private Wealth LLC now owns 29,986 shares of the exchange traded fund’s stock valued at $3,233,000 after purchasing an additional 6,074 shares during the period. Renaissance Technologies LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 1st quarter worth about $1,117,000. Brindle & Bay Financial Advisors LLC raised its holdings in SPDR Bloomberg Convertible Securities ETF by 12.5% during 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 buying an additional 6,300 shares during the period. Dorsey Wright & Associates raised its holdings 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 buying an additional 25,130 shares during the period. Finally, Independent Financial Group LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 1st quarter worth about $1,460,000.

SPDR Bloomberg Convertible Securities ETF Stock Down 3.1%

CWB stock opened at $90.73 on Friday. SPDR Bloomberg Convertible Securities ETF has a one year low of $85.37 and a one year high of $112.02. The firm has a 50-day moving average of $99.54 and a two-hundred day moving average of $100.10.

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.