Chesapeake Capital Corp IL Makes New $1.66 Million Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Chesapeake Capital Corp IL bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 18,371 shares of the exchange traded fund’s stock, valued at approximately $1,663,000. SPDR Bloomberg Convertible Securities ETF accounts for about 1.5% of Chesapeake Capital Corp IL’s investment portfolio, making the stock its 7th largest position.

Other large investors have also modified their holdings of the company. GeoWealth Management LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $677,000. Wealth Watch Advisors INC increased its holdings in SPDR Bloomberg Convertible Securities ETF by 2.7% during the third quarter. Wealth Watch Advisors INC now owns 228,589 shares of the exchange traded fund’s stock valued at $20,687,000 after buying an additional 6,087 shares during the period. SeaCrest Wealth Management LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 17.3% in the third quarter. SeaCrest Wealth Management LLC now owns 9,308 shares of the exchange traded fund’s stock worth $863,000 after buying an additional 1,372 shares in the last quarter. UBS Group AG lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 3.0% during the third quarter. UBS Group AG now owns 475,088 shares of the exchange traded fund’s stock worth $42,995,000 after buying an additional 13,895 shares during the period. Finally, Bank of Montreal Can lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 2.7% during the third quarter. Bank of Montreal Can now owns 447,967 shares of the exchange traded fund’s stock worth $40,541,000 after buying an additional 11,586 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.0%

Shares of NYSEARCA CWB opened at $92.05 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $70.56 and a 12-month high of $96.17. The stock’s fifty day simple moving average is $93.70 and its two-hundred day simple moving average is $91.37.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Investors of record on Monday, March 2nd were given a dividend of $0.1465 per share. The ex-dividend date of this dividend was Monday, March 2nd. This is an increase from SPDR Bloomberg Convertible Securities ETF’s previous monthly dividend of $0.09. This represents a c) dividend on an annualized basis and a yield of 1.9%.

About SPDR Bloomberg Convertible Securities ETF

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.