B. Riley Financial Inc. Buys New Holdings in SPDR Barclays Capital Convertible SecETF (CWB)

B. Riley Financial Inc. bought a new position in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,091 shares of the exchange traded fund’s stock, valued at approximately $362,000.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. grew its position in SPDR Barclays Capital Convertible SecETF by 7,979,744.4% during the second quarter. Assetmark Inc. now owns 2,154,558 shares of the exchange traded fund’s stock valued at $106,909,000 after buying an additional 2,154,531 shares during the period. Wells Fargo & Company MN grew its position in SPDR Barclays Capital Convertible SecETF by 37.3% during the third quarter. Wells Fargo & Company MN now owns 3,197,097 shares of the exchange traded fund’s stock valued at $163,276,000 after buying an additional 869,268 shares during the period. MML Investors Services LLC bought a new stake in SPDR Barclays Capital Convertible SecETF during the second quarter valued at approximately $13,423,000. Cambridge Investment Research Advisors Inc. grew its position in SPDR Barclays Capital Convertible SecETF by 292.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 292,235 shares of the exchange traded fund’s stock valued at $14,924,000 after buying an additional 217,862 shares during the period. Finally, Tradewinds Capital Management LLC bought a new stake in SPDR Barclays Capital Convertible SecETF during the second quarter valued at approximately $10,149,000.

SPDR Barclays Capital Convertible SecETF (CWB) traded up $0.11 during mid-day trading on Thursday, hitting $50.92. 670,600 shares of the stock traded hands, compared to its average volume of 819,074. SPDR Barclays Capital Convertible SecETF has a 1 year low of $45.38 and a 1 year high of $52.67.

The business also recently announced a monthly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, December 4th will be issued a $0.1309 dividend. This represents a $1.57 annualized dividend and a dividend yield of 3.08%. The ex-dividend date is Friday, December 1st. This is an increase from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.09.

CWB has been the subject of several recent research reports. BMO Capital Markets restated a “hold” rating and set a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 15th. Canaccord Genuity reiterated a “hold” rating and issued a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research report on Tuesday, October 31st. Finally, Scotiabank reiterated a “buy” rating and issued a $42.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 22nd.

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SPDR Barclays Capital Convertible SecETF 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.

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

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