OxFORD Asset Management LLP purchased a new position in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,332 shares of the exchange traded fund’s stock, valued at approximately $1,186,000.

Several other large investors also recently made changes to their positions in the company. Cutler Capital Management LLC increased its holdings in SPDR Barclays Capital Convertible SecETF by 911.5% in the third quarter. Cutler Capital Management LLC now owns 37,225 shares of the exchange traded fund’s stock valued at $190,000 after purchasing an additional 33,545 shares during the period. Estate Counselors LLC increased its holdings in SPDR Barclays Capital Convertible SecETF by 10.7% in the third quarter. Estate Counselors LLC now owns 199,050 shares of the exchange traded fund’s stock valued at $10,165,000 after purchasing an additional 19,220 shares during the period. BB&T Securities LLC increased its holdings in SPDR Barclays Capital Convertible SecETF by 639.4% in the third quarter. BB&T Securities LLC now owns 216,782 shares of the exchange traded fund’s stock valued at $11,071,000 after purchasing an additional 187,462 shares during the period. Wells Fargo & Company MN increased its holdings in SPDR Barclays Capital Convertible SecETF by 37.3% in the third quarter. Wells Fargo & Company MN now owns 3,197,097 shares of the exchange traded fund’s stock valued at $163,276,000 after purchasing an additional 869,268 shares during the period. Finally, Cornerstone Financial Partners LLC increased its holdings in SPDR Barclays Capital Convertible SecETF by 10.1% in the third quarter. Cornerstone Financial Partners LLC now owns 44,327 shares of the exchange traded fund’s stock valued at $2,264,000 after purchasing an additional 4,054 shares during the period.

Shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) opened at $50.79 on Wednesday. SPDR Barclays Capital Convertible SecETF has a 1 year low of $45.44 and a 1 year high of $52.67.

The company also recently declared a monthly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th will be given a dividend of $0.7507 per share. The ex-dividend date is Tuesday, December 19th. This represents a $9.01 dividend on an annualized basis and a yield of 17.74%. This is a boost from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.13.

A number of research firms recently weighed in on CWB. Scotiabank restated a “buy” rating and issued a $42.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd. Canaccord Genuity restated a “hold” rating and issued a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st. Finally, BMO Capital Markets restated a “hold” rating and issued a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th.

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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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