15,250 Shares in SPDR Bloomberg Convertible Securities ETF $CWB Purchased by Tcfg Wealth Management LLC

Tcfg Wealth Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 15,250 shares of the exchange traded fund’s stock, valued at approximately $1,380,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Bank of America Corp DE raised its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.5% in the third quarter. Bank of America Corp DE now owns 2,634,532 shares of the exchange traded fund’s stock valued at $238,425,000 after buying an additional 13,467 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in SPDR Bloomberg Convertible Securities ETF by 37.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock worth $81,426,000 after acquiring an additional 244,707 shares during the period. Ameriprise Financial Inc. increased its stake in SPDR Bloomberg Convertible Securities ETF by 76.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock worth $72,599,000 after acquiring an additional 346,925 shares during the period. Ocean Park Asset Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $51,928,000. Finally, Goodman Advisory Group LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 9.1% during the 3rd quarter. Goodman Advisory Group LLC now owns 543,340 shares of the exchange traded fund’s stock valued at $49,172,000 after acquiring an additional 45,353 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB opened at $93.63 on Thursday. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $70.56 and a 52-week high of $96.17. The business’s fifty day moving average is $93.79 and its 200-day moving average is $91.56.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were issued a $0.1465 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a c) annualized dividend and a yield of 1.9%. This is an increase 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.