Optivise Advisory Services LLC Has $3.61 Million Position in SPDR Bloomberg Convertible Securities ETF $CWB

Optivise Advisory Services LLC decreased its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 19.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 40,500 shares of the exchange traded fund’s stock after selling 9,567 shares during the quarter. SPDR Bloomberg Convertible Securities ETF accounts for 2.1% of Optivise Advisory Services LLC’s holdings, making the stock its 6th largest position. Optivise Advisory Services LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $3,613,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Nvwm LLC lifted its position 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 valued at $251,000 after acquiring an additional 121 shares during the last quarter. Intrust Bank NA boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% during the 3rd quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock worth $971,000 after acquiring an additional 125 shares in the last quarter. Absolute Capital Management LLC grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 4.5% in the 3rd quarter. Absolute Capital Management LLC now owns 3,064 shares of the exchange traded fund’s stock worth $277,000 after acquiring an additional 132 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 0.8% in 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 acquiring an additional 146 shares during the last quarter. Finally, Howard Wealth Management LLC raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% during the third quarter. Howard Wealth Management LLC now owns 24,014 shares of the exchange traded fund’s stock worth $2,173,000 after purchasing an additional 153 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.6%

Shares of NYSEARCA CWB opened at $93.49 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $70.56 and a 12 month high of $96.17. The business has a fifty day simple moving average of $93.82 and a 200-day simple moving average of $91.80.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The business also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a dividend of $0.1465 per share. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date was Monday, March 2nd. This is a boost 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.