ProVise Management Group LLC lowered its holdings in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 66.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,694 shares of the exchange traded fund’s stock after selling 15,218 shares during the quarter. ProVise Management Group LLC’s holdings in SPDR Barclays Capital Convertible SecETF were worth $389,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of CWB. UBS Asset Management Americas Inc. lifted its holdings in shares of 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 period. Virtu KCG Holdings LLC purchased a new stake in shares of SPDR Barclays Capital Convertible SecETF in the 2nd quarter worth $315,000. The Manufacturers Life Insurance Company lifted its holdings in shares of SPDR Barclays Capital Convertible SecETF by 586.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 4,768 shares of the exchange traded fund’s stock worth $237,000 after buying an additional 4,073 shares during the period. Advisory Services Network LLC lifted its holdings in shares of 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 period. Finally, WFG Advisors LP lifted its holdings in shares of SPDR Barclays Capital Convertible SecETF by 19.3% in the 2nd quarter. WFG Advisors LP now owns 5,172 shares of the exchange traded fund’s stock worth $257,000 after buying an additional 835 shares during the period.

Several brokerages have weighed in on CWB. BMO Capital Markets reiterated a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th. Canaccord Genuity reiterated a “hold” rating and issued a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st. Finally, Scotiabank reiterated a “buy” rating and issued a $42.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd.

SPDR Barclays Capital Convertible SecETF (NYSEARCA CWB) opened at $51.11 on Thursday. SPDR Barclays Capital Convertible SecETF has a 1 year low of $47.03 and a 1 year high of $53.73.

The business also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were given a $0.0819 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 1st.

COPYRIGHT VIOLATION WARNING: This story was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this story on another publication, it was stolen and republished in violation of U.S. and international copyright & trademark laws. The correct version of this story can be read at https://www.thecerbatgem.com/2018/02/15/spdr-barclays-capital-convertible-secetf-cwb-position-cut-by-provise-management-group-llc.html.

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.

Want to see what other hedge funds are holding CWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB).

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

Receive News & Ratings for SPDR Barclays Capital Convertible SecETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Barclays Capital Convertible SecETF and related companies with MarketBeat.com's FREE daily email newsletter.