GWM Advisors LLC grew its holdings in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 31.2% during the 1st quarter, Holdings Channel reports. The firm owned 70,449 shares of the exchange traded fund’s stock after buying an additional 16,744 shares during the period. SPDR Bloomberg Barclays Convertible Securities ETF accounts for approximately 1.4% of GWM Advisors LLC’s holdings, making the stock its 16th largest holding. GWM Advisors LLC’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $1,896,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Morgan Stanley lifted 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. Deutsche Bank AG acquired a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 4th quarter valued at $99,772,000. MD Financial Management Inc. lifted its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 2.5% in the 4th quarter. MD Financial Management Inc. now owns 1,669,271 shares of the exchange traded fund’s stock valued at $78,105,000 after purchasing an additional 40,641 shares during the last quarter. QS Investors LLC lifted its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 84.7% in the 4th quarter. QS Investors LLC now owns 1,247,960 shares of the exchange traded fund’s stock valued at $58,393,000 after purchasing an additional 572,317 shares during the last quarter. Finally, Polaris Greystone Financial Group LLC lifted its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 2.9% in the 1st quarter. Polaris Greystone Financial Group LLC now owns 773,982 shares of the exchange traded fund’s stock valued at $40,611,000 after purchasing an additional 21,693 shares during the last quarter.

Separately, Scotiabank reaffirmed an “average” rating and issued a $33.00 price target on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research note on Friday, February 22nd.

Shares of SPDR Bloomberg Barclays Convertible Securities ETF stock traded down $0.31 during trading hours on Thursday, hitting $51.24. The company’s stock had a trading volume of 21,999 shares, compared to its average volume of 960,905. SPDR Bloomberg Barclays Convertible Securities ETF has a twelve month low of $45.13 and a twelve month high of $54.99.

The firm also recently declared a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were paid a $0.0683 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend was Wednesday, May 1st.

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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.

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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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