AE Wealth Management LLC Raises Stock Position in SPDR Bloomberg Convertible Securities ETF $CWB

AE Wealth Management LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 65.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,857 shares of the exchange traded fund’s stock after buying an additional 8,682 shares during the quarter. AE Wealth Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Boyd Watterson Asset Management LLC OH purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at about $26,000. First Command Advisory Services Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $29,000. Caldwell Trust Co purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $33,000. Mather Group LLC. bought a new position in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $35,000. Finally, Proffitt & Goodson Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at approximately $36,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 1.5%

CWB stock opened at $93.40 on Monday. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $70.56 and a 52 week high of $96.17. The company has a fifty day simple moving average of $91.39 and a two-hundred day simple moving average of $89.58.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

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