SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) Position Lowered by Conservest Capital Advisors Inc.

Conservest Capital Advisors Inc. decreased its holdings in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 17.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 857,912 shares of the exchange traded fund’s stock after selling 175,921 shares during the quarter. SPDR Bloomberg Barclays Convertible Securities ETF comprises about 6.7% of Conservest Capital Advisors Inc.’s portfolio, making the stock its 4th biggest position. Conservest Capital Advisors Inc. owned approximately 1.12% of SPDR Bloomberg Barclays Convertible Securities ETF worth $44,826,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Blair William & Co. IL raised its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 8.0% during the 3rd quarter. Blair William & Co. IL now owns 13,722 shares of the exchange traded fund’s stock valued at $740,000 after buying an additional 1,013 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 11.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 73,860 shares of the exchange traded fund’s stock valued at $3,984,000 after acquiring an additional 7,713 shares during the period. Allianz Asset Management GmbH grew its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 336.5% during the 3rd quarter. Allianz Asset Management GmbH now owns 163,672 shares of the exchange traded fund’s stock valued at $8,828,000 after acquiring an additional 126,172 shares during the period. Fifth Third Bancorp grew its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 1.6% during the 3rd quarter. Fifth Third Bancorp now owns 323,833 shares of the exchange traded fund’s stock valued at $17,468,000 after acquiring an additional 5,061 shares during the period. Finally, LPL Financial LLC grew its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 3.9% during the 3rd quarter. LPL Financial LLC now owns 818,208 shares of the exchange traded fund’s stock valued at $44,134,000 after acquiring an additional 30,866 shares during the period.

Separately, Scotiabank restated an “average” rating and set a $33.00 target price on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research report on Friday, February 22nd.

Shares of SPDR Bloomberg Barclays Convertible Securities ETF stock traded down $0.24 on Monday, hitting $53.02. 572,293 shares of the company were exchanged, compared to its average volume of 1,056,853. SPDR Bloomberg Barclays Convertible Securities ETF has a 1-year low of $45.13 and a 1-year high of $54.99.

The business also recently announced a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a dividend of $0.124 per share. This is a boost from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.09. This represents a $1.49 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Monday, April 1st.

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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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