Orion Porfolio Solutions LLC Reduces Stock Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Orion Porfolio Solutions LLC cut its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 2.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 447,910 shares of the exchange traded fund’s stock after selling 9,295 shares during the period. Orion Porfolio Solutions LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $40,536,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in CWB. Mather Group LLC. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at $35,000. Caldwell Trust Co purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $33,000. Glassy Mountain Advisors Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $52,000. Atlantic Union Bankshares Corp purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth about $58,000. Finally, Country Trust Bank acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $80,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA CWB opened at $93.99 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 business has a 50 day moving average price of $93.34 and a two-hundred day moving average price of $91.05.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.1465 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a c) annualized dividend and a yield of 1.9%. This is an increase from SPDR Bloomberg Convertible Securities ETF’s previous monthly dividend of $0.09.

About SPDR Bloomberg 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. 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.