Evercore Wealth Management LLC lowered its holdings in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 33.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,714 shares of the exchange traded fund’s stock after selling 2,930 shares during the quarter. Evercore Wealth Management LLC’s holdings in SPDR Barclays Capital Convertible SecETF were worth $292,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust bought a new position in SPDR Barclays Capital Convertible SecETF during the third quarter valued at approximately $102,000. BB&T Investment Services Inc. bought a new position in SPDR Barclays Capital Convertible SecETF during the second quarter valued at approximately $108,000. Alken Asset Management Ltd. bought a new position in SPDR Barclays Capital Convertible SecETF during the second quarter valued at approximately $118,000. UBS Asset Management Americas Inc. boosted its stake in SPDR Barclays Capital Convertible SecETF by 12.3% during the second quarter. UBS Asset Management Americas Inc. now owns 2,680 shares of the exchange traded fund’s stock valued at $133,000 after buying an additional 293 shares during the last quarter. Finally, Advisory Services Network LLC boosted its stake in SPDR Barclays Capital Convertible SecETF by 54.5% during the second quarter. Advisory Services Network LLC now owns 2,907 shares of the exchange traded fund’s stock valued at $144,000 after buying an additional 1,025 shares during the last quarter.

CWB has been the subject of a number of research reports. BMO Capital Markets reissued a “hold” rating and set a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research note on Wednesday, November 15th. Canaccord Genuity reissued a “hold” rating and set a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research note on Tuesday, October 31st. Finally, Scotiabank reissued a “buy” rating and set a $42.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a research note on Wednesday, November 22nd.

Shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA CWB) traded down $0.01 during trading on Tuesday, reaching $50.87. The company had a trading volume of 678,200 shares, compared to its average volume of 820,894. SPDR Barclays Capital Convertible SecETF has a 52 week low of $45.05 and a 52 week high of $52.67.

The business also recently disclosed a monthly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, December 4th will be paid a $0.1309 dividend. This represents a $1.57 annualized dividend and a dividend yield of 3.09%. This is a positive change from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Friday, December 1st.

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About SPDR Barclays Capital Convertible SecETF

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.

Institutional Ownership by Quarter for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

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