SPDR Bloomberg Convertible Securities ETF $CWB Shares Sold by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC cut its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 95.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,225 shares of the exchange traded fund’s stock after selling 549,562 shares during the quarter. Ocean Park Asset Management LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $2,161,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Exchange Traded Concepts LLC grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 23.7% during the fourth quarter. Exchange Traded Concepts LLC now owns 24,225 shares of the exchange traded fund’s stock worth $2,161,000 after buying an additional 4,638 shares during the last quarter. Stablepoint Partners LLC grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% in the 4th quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock valued at $817,000 after purchasing an additional 111 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 82.1% in the fourth quarter. Signal Advisors Wealth LLC now owns 5,155 shares of the exchange traded fund’s stock valued at $460,000 after purchasing an additional 2,324 shares during the period. David J Yvars Group raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 12.0% during the fourth quarter. David J Yvars Group now owns 61,257 shares of the exchange traded fund’s stock worth $5,464,000 after purchasing an additional 6,572 shares during the last quarter. Finally, Farrell Financial LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 13.1% during the fourth quarter. Farrell Financial LLC now owns 15,314 shares of the exchange traded fund’s stock worth $1,366,000 after purchasing an additional 1,778 shares during the period.

SPDR Bloomberg Convertible Securities ETF Stock Performance

NYSEARCA:CWB opened at $89.81 on Monday. The firm’s fifty day moving average price is $93.69 and its 200 day moving average price is $91.88. SPDR Bloomberg Convertible Securities ETF has a 1-year low of $70.56 and a 1-year high of $96.17.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Stockholders of record on Monday, March 2nd were paid 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 was Monday, March 2nd. This represents a c) annualized dividend and a dividend yield of 2.0%.

SPDR Bloomberg 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. 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.