SPDR Bloomberg Barclays Convertible Securities ETF (CWB) Position Trimmed by Cetera Advisors LLC

Cetera Advisors LLC lessened its stake in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 7.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,271 shares of the exchange traded fund’s stock after selling 1,172 shares during the period. Cetera Advisors LLC’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $719,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in CWB. Shelton Capital Management lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 2.8% during the 4th quarter. Shelton Capital Management now owns 7,947 shares of the exchange traded fund’s stock valued at $372,000 after buying an additional 213 shares in the last quarter. Telos Capital Management Inc. lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 5.7% during the 4th quarter. Telos Capital Management Inc. now owns 4,445 shares of the exchange traded fund’s stock valued at $208,000 after buying an additional 239 shares in the last quarter. Goelzer Investment Management Inc. lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 0.3% during the 4th quarter. Goelzer Investment Management Inc. now owns 96,770 shares of the exchange traded fund’s stock valued at $4,528,000 after buying an additional 333 shares in the last quarter. Brasada Capital Management LP lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 4.3% during the 4th quarter. Brasada Capital Management LP now owns 9,298 shares of the exchange traded fund’s stock valued at $435,000 after buying an additional 380 shares in the last quarter. Finally, Bank of The West lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 7.8% during the 4th quarter. Bank of The West now owns 5,500 shares of the exchange traded fund’s stock valued at $257,000 after buying an additional 400 shares in the last quarter.

Separately, Scotiabank reissued an “average” rating and issued a $33.00 price objective on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research note on Friday, February 22nd.

Shares of CWB traded down $0.04 during midday trading on Friday, reaching $52.85. The company had a trading volume of 586,609 shares, compared to its average volume of 1,043,196. 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. Shareholders of record on Tuesday, April 2nd were paid a $0.124 dividend. The ex-dividend date of this dividend was Monday, April 1st. This is an increase from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.09. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.82%.

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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.

Further Reading: What is the 52-week high/low?

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

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