SPDR Bloomberg Convertible Securities ETF $CWB Shares Sold by Financial & Tax Architects LLC

Financial & Tax Architects LLC cut its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 7.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 112,987 shares of the exchange traded fund’s stock after selling 9,444 shares during the period. SPDR Bloomberg Convertible Securities ETF makes up approximately 2.3% of Financial & Tax Architects LLC’s portfolio, making the stock its 9th biggest position. Financial & Tax Architects LLC owned approximately 0.22% of SPDR Bloomberg Convertible Securities ETF worth $10,225,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boyd Watterson Asset Management LLC OH acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the second quarter worth approximately $26,000. First Command Advisory Services Inc. acquired a new position in SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $29,000. Caldwell Trust Co bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $33,000. Mather Group LLC. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $35,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $58,000.

SPDR Bloomberg Convertible Securities ETF Trading Down 1.7%

SPDR Bloomberg Convertible Securities ETF stock opened at $91.26 on Friday. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $70.56 and a 12-month high of $96.17. The firm’s fifty day moving average is $91.68 and its 200 day moving average is $89.74.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, February 5th. Stockholders of record on Monday, February 2nd were paid a $0.0862 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 1.1%.

SPDR Bloomberg Convertible Securities ETF Company 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.