Tcfg Wealth Management LLC Purchases Shares of 15,250 SPDR Bloomberg Convertible Securities ETF $CWB

Tcfg Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,250 shares of the exchange traded fund’s stock, valued at approximately $1,380,000.

A number of other hedge funds also recently modified their holdings of CWB. Advisory Services Network LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $172,000. Dorsey Wright & Associates bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth approximately $414,000. Vertex Planning Partners LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth approximately $205,000. Kestra Private Wealth Services LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 181.2% in the third quarter. Kestra Private Wealth Services LLC now owns 9,905 shares of the exchange traded fund’s stock valued at $896,000 after purchasing an additional 6,382 shares during the last quarter. Finally, NewEdge Advisors LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.4% during the third quarter. NewEdge Advisors LLC now owns 50,547 shares of the exchange traded fund’s stock worth $4,574,000 after purchasing an additional 210 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA:CWB opened at $93.63 on Thursday. The stock has a 50 day simple moving average of $93.79 and a 200 day simple moving average of $91.56. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $70.56 and a 1-year high of $96.17.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

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

SPDR Bloomberg Convertible Securities ETF 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. 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.