Financial & Tax Architects LLC Has $10.23 Million Stock Position in SPDR Bloomberg Convertible Securities ETF $CWB

Financial & Tax Architects LLC lowered its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 112,987 shares of the exchange traded fund’s stock after selling 9,444 shares during the quarter. SPDR Bloomberg Convertible Securities ETF accounts for approximately 2.3% of Financial & Tax Architects LLC’s investment portfolio, making the stock its 9th biggest holding. Financial & Tax Architects LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $10,225,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. US Bancorp DE lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 19.9% during the second quarter. US Bancorp DE now owns 10,570 shares of the exchange traded fund’s stock worth $874,000 after acquiring an additional 1,752 shares during the period. IFP Advisors Inc grew its stake in SPDR Bloomberg Convertible Securities ETF by 15.3% in the 2nd quarter. IFP Advisors Inc now owns 34,320 shares of the exchange traded fund’s stock valued at $2,837,000 after purchasing an additional 4,561 shares during the period. M3 Advisory Group LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 1.7% in the 2nd quarter. M3 Advisory Group LLC now owns 10,267 shares of the exchange traded fund’s stock valued at $849,000 after purchasing an additional 167 shares during the period. Almanack Investment Partners LLC. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at $377,000. Finally, Hazlett Burt & Watson Inc. raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 11.0% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,529 shares of the exchange traded fund’s stock worth $124,000 after purchasing an additional 152 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of NYSEARCA:CWB opened at $91.26 on Friday. The company’s 50-day moving average is $91.68 and its 200 day moving average is $89.74. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $70.56 and a fifty-two week high of $96.17.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.0862 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Monday, February 2nd.

SPDR Bloomberg 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. Convertible Bond >$500MM Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index.