LPL Financial LLC lowered its holdings in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 17.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 672,892 shares of the exchange traded fund’s stock after selling 145,316 shares during the period. LPL Financial LLC owned about 0.86% of SPDR Bloomberg Barclays Convertible Securities ETF worth $31,485,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in CWB. Jane Street Group LLC grew its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 10,667.9% in the 3rd quarter. Jane Street Group LLC now owns 1,471,654 shares of the exchange traded fund’s stock worth $79,381,000 after purchasing an additional 1,457,987 shares during the last quarter. Schroder Investment Management Group acquired a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 3rd quarter worth approximately $68,688,000. Nan Shan Life Insurance Co. Ltd. acquired a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 3rd quarter worth approximately $49,371,000. Wells Fargo & Company MN grew its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 7.0% in the 3rd quarter. Wells Fargo & Company MN now owns 3,435,548 shares of the exchange traded fund’s stock worth $185,314,000 after purchasing an additional 224,097 shares during the last quarter. Finally, AGF Investments Inc. acquired a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 3rd quarter worth approximately $9,871,000.
Get SPDR Bloomberg Barclays Convertible Securities ETF alerts:CWB stock opened at $51.48 on Friday. SPDR Bloomberg Barclays Convertible Securities ETF has a 52 week low of $45.13 and a 52 week high of $54.99.
The business also recently declared a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were issued a dividend of $0.0714 per share. This represents a $0.86 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Friday, February 1st.
Separately, Barclays reissued a “sell” rating and issued a $35.00 target price on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research report on Friday, November 16th.
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About SPDR Bloomberg Barclays Convertible Securities ETF
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.
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