Maridea Wealth Management LLC Makes New Investment in SPDR Bloomberg Convertible Securities ETF $CWB

Maridea Wealth Management LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,613 shares of the exchange traded fund’s stock, valued at approximately $706,000.

Several other large investors have also modified their holdings of CWB. Boyd Watterson Asset Management LLC OH purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $26,000. First Command Advisory Services Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at about $29,000. Mather Group LLC. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at approximately $35,000. Caldwell Trust Co acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth approximately $33,000. Finally, Glassy Mountain Advisors Inc. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $52,000.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.1%

SPDR Bloomberg Convertible Securities ETF stock opened at $94.91 on Thursday. SPDR Bloomberg Convertible Securities ETF has a fifty-two week low of $70.56 and a fifty-two week high of $96.17. The firm has a 50 day moving average price of $92.41 and a 200 day moving average price of $90.38.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Thursday, February 5th. Shareholders of record on Monday, February 2nd were paid a dividend of $0.0862 per share. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 1.1%.

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.