Howe & Rusling Inc. Takes Position in SPDR Bloomberg Barclays Convertible Securities ETF (CWB)

Howe & Rusling Inc. acquired a new stake in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,930 shares of the exchange traded fund’s stock, valued at approximately $90,000.

Several other large investors have also recently bought and sold shares of the company. Morgan Stanley boosted its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 0.5% in the 3rd quarter. Morgan Stanley now owns 3,676,533 shares of the exchange traded fund’s stock valued at $198,312,000 after purchasing an additional 19,389 shares during the last quarter. Wells Fargo & Company MN lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 7.0% during the 3rd quarter. Wells Fargo & Company MN now owns 3,435,548 shares of the exchange traded fund’s stock valued at $185,314,000 after acquiring an additional 224,097 shares during the period. Bank of Montreal Can lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 26.9% during the 3rd quarter. Bank of Montreal Can now owns 1,658,375 shares of the exchange traded fund’s stock valued at $89,452,000 after acquiring an additional 351,711 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 6.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,600,667 shares of the exchange traded fund’s stock valued at $86,340,000 after acquiring an additional 103,387 shares during the period. Finally, Jane Street Group LLC lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 10,667.9% during the 3rd 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 during the period.

SPDR Bloomberg Barclays Convertible Securities ETF stock opened at $50.90 on Friday. SPDR Bloomberg Barclays Convertible Securities ETF has a 12-month low of $45.13 and a 12-month high of $54.99.

The business also recently announced a monthly dividend, which was paid on Thursday, February 7th. Investors of record on Monday, February 4th were given a dividend of $0.0714 per share. The ex-dividend date was Friday, February 1st. This represents a $0.86 dividend on an annualized basis and a dividend yield of 1.68%.

Separately, Barclays reiterated a “sell” rating and set a $35.00 target price on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research report on Friday, November 16th.

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SPDR Bloomberg Barclays 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.

Further Reading: Quick Ratio

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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