Goelzer Investment Management Inc. lowered its stake in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 69.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,147 shares of the exchange traded fund’s stock after selling 222,920 shares during the quarter. Goelzer Investment Management Inc.’s holdings in SPDR Barclays Capital Convertible SecETF were worth $4,966,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CWB. MD Financial Management Inc. bought a new position in SPDR Barclays Capital Convertible SecETF during the fourth quarter worth about $80,106,000. Wells Fargo & Company MN boosted its position in SPDR Barclays Capital Convertible SecETF by 37.3% during the third quarter. Wells Fargo & Company MN now owns 3,197,097 shares of the exchange traded fund’s stock worth $163,276,000 after purchasing an additional 869,268 shares during the period. AlphaStar Capital Management LLC boosted its position in SPDR Barclays Capital Convertible SecETF by 402,135.7% during the third quarter. AlphaStar Capital Management LLC now owns 225,252 shares of the exchange traded fund’s stock worth $4,006,000 after purchasing an additional 225,196 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in SPDR Barclays Capital Convertible SecETF by 292.9% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 292,235 shares of the exchange traded fund’s stock worth $14,924,000 after purchasing an additional 217,862 shares during the period. Finally, Columbus Macro LLC bought a new position in SPDR Barclays Capital Convertible SecETF during the fourth quarter worth about $10,591,000.

SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) opened at $49.67 on Friday. SPDR Barclays Capital Convertible SecETF has a 1 year low of $47.03 and a 1 year high of $53.73.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were given a $0.0819 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $0.98 dividend on an annualized basis and a dividend yield of 1.98%.

A number of brokerages have weighed in on CWB. BMO Capital Markets reiterated a “hold” rating and set a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 15th. Canaccord Genuity reiterated a “hold” rating and set a $33.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Tuesday, October 31st. Finally, Scotiabank reiterated a “buy” rating and set a $42.00 target price on shares of SPDR Barclays Capital Convertible SecETF in a research report on Wednesday, November 22nd.

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About SPDR Barclays Capital Convertible SecETF

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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Institutional Ownership by Quarter for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

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