US Bancorp DE Increases Position in SPDR Bloomberg Convertible Securities ETF $CWB

US Bancorp DE grew its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 71.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,116 shares of the exchange traded fund’s stock after purchasing an additional 7,546 shares during the period. US Bancorp DE’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,640,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the company. Nvwm LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 4.6% in the 3rd quarter. Nvwm LLC now owns 2,772 shares of the exchange traded fund’s stock valued at $251,000 after buying an additional 121 shares during the period. Intrust Bank NA grew its position in SPDR Bloomberg Convertible Securities ETF by 1.2% in the 3rd quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock valued at $971,000 after acquiring an additional 125 shares in the last quarter. Absolute Capital Management LLC increased its stake in SPDR Bloomberg Convertible Securities ETF by 4.5% during the third quarter. Absolute Capital Management LLC now owns 3,064 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 132 shares during the period. Howard Wealth Management LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% during the third quarter. Howard Wealth Management LLC now owns 24,014 shares of the exchange traded fund’s stock worth $2,173,000 after purchasing an additional 153 shares in the last quarter. Finally, Sowell Financial Services LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% during the third quarter. Sowell Financial Services LLC now owns 27,674 shares of the exchange traded fund’s stock worth $2,505,000 after purchasing an additional 164 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA CWB opened at $93.04 on Friday. The firm has a 50 day simple moving average of $93.39 and a 200-day simple moving average of $91.07. SPDR Bloomberg Convertible Securities ETF has a one year low of $70.56 and a one year high of $96.17.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were given a dividend of $0.1465 per share. 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 dividend yield of 1.9%. The ex-dividend date of this dividend was Monday, March 2nd.

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.