Commonwealth Equity Services Inc trimmed its holdings in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 26.0% in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 235,557 shares of the exchange traded fund’s stock after selling 82,898 shares during the quarter. Commonwealth Equity Services Inc owned about 0.29% of SPDR Barclays Capital Convertible SecETF worth $12,029,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CWB. Assetmark Inc. increased its holdings in SPDR Barclays Capital Convertible SecETF by 7,979,744.4% in the 2nd quarter. Assetmark Inc. now owns 2,154,558 shares of the exchange traded fund’s stock worth $106,909,000 after buying an additional 2,154,531 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of SPDR Barclays Capital Convertible SecETF by 14.2% during the 2nd quarter. Wells Fargo & Company MN now owns 2,327,829 shares of the exchange traded fund’s stock valued at $115,507,000 after purchasing an additional 288,645 shares during the period. MML Investors Services LLC bought a new stake in shares of SPDR Barclays Capital Convertible SecETF during the 2nd quarter valued at about $13,423,000. Cambridge Investment Research Advisors Inc. grew its stake in shares of SPDR Barclays Capital Convertible SecETF by 292.9% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 292,235 shares of the exchange traded fund’s stock valued at $14,924,000 after purchasing an additional 217,862 shares during the period. Finally, Tradewinds Capital Management LLC bought a new stake in shares of SPDR Barclays Capital Convertible SecETF during the 2nd quarter valued at about $10,149,000.

SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) traded up $0.35 during trading on Friday, hitting $51.80. The company’s stock had a trading volume of 589,100 shares, compared to its average volume of 837,935. SPDR Barclays Capital Convertible SecETF has a 1-year low of $44.75 and a 1-year high of $52.03.

The company also recently declared a monthly dividend, which was paid on Thursday, November 9th. Shareholders of record on Thursday, November 2nd were paid a dividend of $0.0928 per share. The ex-dividend date of this dividend was Wednesday, November 1st. This represents a $1.11 dividend on an annualized basis and a dividend yield of 2.15%.

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A number of research firms have issued reports on CWB. BMO Capital Markets restated a “hold” rating and set a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research note on Wednesday. Canaccord Genuity restated a “hold” rating and set a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research note on Tuesday, October 31st.

SPDR Barclays Capital Convertible SecETF Company 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.

Institutional Ownership by Quarter for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

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