SPDR Barclays Capital Convertible SecETF (CWB) Sees Unusually-High Trading Volume Following Dividend Announcement
SPDR Barclays Capital Convertible SecETF (NYSE:CWB) shares saw unusually-strong trading volume on Tuesday following a dividend announcement from the company. Approximately 502,611 shares changed hands during mid-day trading, a decline of 57% from the previous session’s volume of 1,180,280 shares.The stock last traded at $51.33 and had previously closed at $51.09.
The newly announced dividend which will be paid on Tuesday, October 10th. Stockholders of record on Tuesday, October 3rd will be paid a $0.1395 dividend. This represents a $1.67 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, October 2nd.
The stock’s 50 day moving average is $50.76 and its 200 day moving average is $49.63.
Hedge funds have recently added to or reduced their stakes in the company. BB&T Investment Services Inc. purchased a new position in SPDR Barclays Capital Convertible SecETF in the 2nd quarter valued at about $108,000. Alken Asset Management Ltd. acquired a new stake in SPDR Barclays Capital Convertible SecETF in the 2nd quarter worth about $118,000. UBS Asset Management Americas Inc. boosted its holdings in SPDR Barclays Capital Convertible SecETF by 12.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,680 shares of the exchange traded fund’s stock worth $133,000 after buying an additional 293 shares during the last quarter. Advisory Services Network LLC boosted its holdings in SPDR Barclays Capital Convertible SecETF by 54.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,907 shares of the exchange traded fund’s stock worth $144,000 after buying an additional 1,025 shares during the last quarter. Finally, Cutler Capital Management LLC increased its stake in SPDR Barclays Capital Convertible SecETF by 5.3% during the 2nd quarter. Cutler Capital Management LLC now owns 3,680 shares of the exchange traded fund’s stock worth $183,000 after buying an additional 184 shares in the last quarter.
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About SPDR Barclays Capital Convertible SecETF
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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