ProVise Management Group LLC Sells 15,218 Shares of SPDR Barclays Capital Convertible SecETF (CWB)

ProVise Management Group LLC decreased its stake in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 66.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 reporting period.

Other institutional investors also recently made changes to their positions in the company. Parkside Financial Bank & Trust purchased a new position in shares of SPDR Barclays Capital Convertible SecETF in the 3rd quarter worth approximately $102,000. UBS Asset Management Americas Inc. boosted its holdings in SPDR Barclays Capital Convertible SecETF by 12.3% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 2,680 shares of the exchange traded fund’s stock valued at $133,000 after acquiring an additional 293 shares during the period. Advisory Services Network LLC boosted its holdings in SPDR Barclays Capital Convertible SecETF by 54.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,907 shares of the exchange traded fund’s stock valued at $144,000 after acquiring an additional 1,025 shares during the period. Cutler Capital Management LLC boosted its holdings in SPDR Barclays Capital Convertible SecETF by 911.5% during the 3rd quarter. Cutler Capital Management LLC now owns 37,225 shares of the exchange traded fund’s stock valued at $190,000 after acquiring an additional 33,545 shares during the period. Finally, Resources Investment Advisors Inc. purchased a new position in SPDR Barclays Capital Convertible SecETF during the 4th quarter valued at $231,000.

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 firm also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Investors of record on Friday, February 2nd were issued a dividend of $0.0819 per share. This represents a $0.98 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Thursday, February 1st.

A number of research firms recently issued reports on CWB. BMO Capital Markets restated a “hold” rating and set a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th. Canaccord Genuity restated a “hold” rating and set a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st. Finally, Scotiabank restated a “buy” rating and set a $42.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd.

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About SPDR Barclays Capital Convertible SecETF

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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