Wealth Enhancement Advisory Services LLC Has $22.15 Million Stock Position in SPDR Bloomberg Convertible Securities ETF $CWB

Wealth Enhancement Advisory Services LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 9.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 238,919 shares of the exchange traded fund’s stock after acquiring an additional 21,054 shares during the period. Wealth Enhancement Advisory Services LLC owned about 0.47% of SPDR Bloomberg Convertible Securities ETF worth $22,145,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Nvwm LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 4.6% during the 3rd quarter. Nvwm LLC now owns 2,772 shares of the exchange traded fund’s stock worth $251,000 after purchasing an additional 121 shares in the last quarter. Intrust Bank NA lifted its stake in SPDR Bloomberg Convertible Securities ETF by 1.2% in the third 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 during the last quarter. Absolute Capital Management LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 4.5% during the 3rd 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 last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 18,237 shares of the exchange traded fund’s stock worth $1,650,000 after purchasing an additional 146 shares during the last quarter. Finally, Howard Wealth Management LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% in the 3rd quarter. Howard Wealth Management LLC now owns 24,014 shares of the exchange traded fund’s stock valued at $2,173,000 after purchasing an additional 153 shares during the period.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.3%

SPDR Bloomberg Convertible Securities ETF stock opened at $92.97 on Wednesday. The stock has a 50-day simple moving average of $93.81 and a 200 day simple moving average of $91.79. SPDR Bloomberg Convertible Securities ETF has a 52 week low of $70.56 and a 52 week high of $96.17.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

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

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.