FSC Wealth Advisors LLC Decreases Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

FSC Wealth Advisors LLC reduced its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 92.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,728 shares of the exchange traded fund’s stock after selling 55,887 shares during the quarter. SPDR Bloomberg Convertible Securities ETF comprises 8.3% of FSC Wealth Advisors LLC’s holdings, making the stock its 5th biggest position. FSC Wealth Advisors LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $433,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. High Point Wealth Management LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at $26,000. Arax Advisory Partners acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $36,000. Highline Wealth Partners LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $39,000. Finally, Copia Wealth Management acquired a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $43,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.4%

Shares of NYSEARCA:CWB opened at $107.52 on Friday. The firm’s 50 day simple moving average is $105.17 and its 200 day simple moving average is $97.22. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $81.61 and a fifty-two week high of $112.02.

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. 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.