AE Wealth Management LLC Boosts Stake in SPDR Bloomberg Convertible Securities ETF $CWB

AE Wealth Management LLC raised its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 65.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 21,857 shares of the exchange traded fund’s stock after buying an additional 8,682 shares during the period. AE Wealth Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,978,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CWB. Ocean Park Asset Management LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $51,928,000. Goodman Advisory Group LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth $41,164,000. Estate Counselors LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at about $11,647,000. RWA Wealth Partners LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 1,917.3% in the second quarter. RWA Wealth Partners LLC now owns 75,628 shares of the exchange traded fund’s stock valued at $6,251,000 after buying an additional 71,879 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in SPDR Bloomberg Convertible Securities ETF by 12.0% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 655,027 shares of the exchange traded fund’s stock valued at $54,145,000 after buying an additional 69,970 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

NYSEARCA:CWB opened at $93.40 on Monday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $70.56 and a twelve month high of $96.17. The company’s 50 day moving average is $91.39 and its two-hundred day moving average is $89.58.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be issued a dividend of $0.0862 per share. The ex-dividend date of this dividend is 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.