Lake Point Wealth Management purchased a new stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,510 shares of the exchange traded fund’s stock, valued at approximately $445,000.

Several other hedge funds have also recently added to or reduced their stakes in CWB. Morgan Stanley increased its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 0.5% during the third quarter. Morgan Stanley now owns 3,676,533 shares of the exchange traded fund’s stock valued at $198,312,000 after acquiring an additional 19,389 shares in the last quarter. MD Financial Management Inc. increased its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 2.5% during the fourth quarter. MD Financial Management Inc. now owns 1,669,271 shares of the exchange traded fund’s stock valued at $78,105,000 after acquiring an additional 40,641 shares in the last quarter. Jane Street Group LLC increased its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 10,667.9% during the third quarter. Jane Street Group LLC now owns 1,471,654 shares of the exchange traded fund’s stock valued at $79,381,000 after acquiring an additional 1,457,987 shares in the last quarter. QS Investors LLC increased its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 84.7% during the fourth quarter. QS Investors LLC now owns 1,247,960 shares of the exchange traded fund’s stock valued at $58,393,000 after acquiring an additional 572,317 shares in the last quarter. Finally, IndexIQ Advisors LLC increased its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 4.4% during the third quarter. IndexIQ Advisors LLC now owns 1,184,761 shares of the exchange traded fund’s stock valued at $63,907,000 after acquiring an additional 49,587 shares in the last quarter.

CWB has been the topic of several research reports. Barclays reiterated an “average” rating and issued a $27.00 price target on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a report on Friday, December 7th. Scotiabank reiterated an “average” rating and issued a $33.00 price target on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a report on Friday, February 22nd.

Shares of NYSEARCA:CWB traded up $0.20 during midday trading on Thursday, reaching $51.85. 4,744 shares of the company’s stock traded hands, compared to its average volume of 1,128,235. SPDR Bloomberg Barclays Convertible Securities ETF has a 1 year low of $45.13 and a 1 year high of $54.99.

The firm also recently announced a monthly dividend, which was paid on Thursday, March 7th. Stockholders of record on Monday, March 4th were given a dividend of $0.0888 per share. This is a positive change from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.07. The ex-dividend date of this dividend was Friday, March 1st. This represents a $1.07 dividend on an annualized basis and a dividend yield of 2.06%.

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SPDR Bloomberg Barclays 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.

Further Reading: Reverse Stock Split

Want to see what other hedge funds are holding CWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB).

Institutional Ownership by Quarter for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

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