SPDR Bloomberg Convertible Securities ETF $CWB Stake Lifted by Goodman Advisory Group LLC

Goodman Advisory Group LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 543,340 shares of the exchange traded fund’s stock after acquiring an additional 45,353 shares during the period. SPDR Bloomberg Convertible Securities ETF accounts for approximately 12.2% of Goodman Advisory Group LLC’s investment portfolio, making the stock its biggest holding. Goodman Advisory Group LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $49,172,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Win Advisors Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $919,000. Alliance Wealth Advisors LLC UT acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $1,096,000. Arrow Investment Advisors LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $1,188,000. B. Riley Wealth Advisors Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth $5,260,000. Finally, Commonwealth Equity Services LLC raised its stake in SPDR Bloomberg Convertible Securities ETF by 4.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 252,425 shares of the exchange traded fund’s stock worth $22,845,000 after acquiring an additional 10,483 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of CWB opened at $91.34 on Friday. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $70.56 and a 1-year high of $96.17. The firm has a fifty day moving average price of $93.41 and a 200 day moving average price of $91.15.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

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

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.