Pinnacle Associates Ltd. Has $1.07 Million Stake in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

Pinnacle Associates Ltd. decreased its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 3.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,315 shares of the exchange traded fund’s stock after selling 830 shares during the quarter. Pinnacle Associates Ltd.’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $1,074,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC acquired a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the 2nd quarter worth about $36,000. Investors Research Corp acquired a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the 2nd quarter worth about $38,000. BNP Paribas Arbitrage SA lifted its holdings in SPDR Bloomberg Barclays Convertible Securities ETF by 107.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 1,027 shares of the exchange traded fund’s stock worth $54,000 after buying an additional 531 shares during the period. Roble Belko & Company Inc acquired a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the 1st quarter worth about $103,000. Finally, TRUE Private Wealth Advisors acquired a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the 2nd quarter worth about $104,000.

Shares of CWB opened at $52.66 on Friday. SPDR Bloomberg Barclays Convertible Securities ETF has a 12 month low of $45.13 and a 12 month high of $54.53. The stock’s 50-day moving average price is $53.22 and its two-hundred day moving average price is $52.43.

SPDR Bloomberg Barclays Convertible Securities ETF 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.

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Institutional Ownership by Quarter for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

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