ProVise Management Group LLC purchased a new position in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,912 shares of the exchange traded fund’s stock, valued at approximately $1,169,000.

Other hedge funds have also bought and sold shares of the company. Parkside Financial Bank & Trust purchased a new position in shares of SPDR Barclays Capital Convertible SecETF in the third quarter worth $102,000. BB&T Investment Services Inc. purchased a new position in shares of SPDR Barclays Capital Convertible SecETF in the second quarter worth $108,000. Alken Asset Management Ltd. purchased a new position in shares of SPDR Barclays Capital Convertible SecETF in the second quarter worth $118,000. UBS Asset Management Americas Inc. raised its stake in shares of SPDR Barclays Capital Convertible SecETF by 12.3% in the second quarter. UBS Asset Management Americas Inc. now owns 2,680 shares of the exchange traded fund’s stock worth $133,000 after purchasing an additional 293 shares during the last quarter. Finally, Advisory Services Network LLC raised its stake in shares of SPDR Barclays Capital Convertible SecETF by 54.5% in the second quarter. Advisory Services Network LLC now owns 2,907 shares of the exchange traded fund’s stock worth $144,000 after purchasing an additional 1,025 shares during the last quarter.

CWB has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “hold” rating and issued a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th. Canaccord Genuity reaffirmed a “hold” rating and issued a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st.

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Shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA CWB) traded up $0.14 on Tuesday, hitting $52.07. The company had a trading volume of 354,700 shares, compared to its average volume of 833,595. SPDR Barclays Capital Convertible SecETF has a one year low of $44.75 and a one year high of $52.13.

The company also recently disclosed a monthly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, November 2nd were issued a $0.0928 dividend. This represents a $1.11 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Wednesday, November 1st.

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.

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

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