Visionary Asset Management Inc. lessened its stake in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 6.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,055 shares of the exchange traded fund’s stock after selling 2,300 shares during the quarter. Visionary Asset Management Inc.’s holdings in SPDR Barclays Capital Convertible SecETF were worth $1,841,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CWB. Assetmark Inc. lifted its position in SPDR Barclays Capital Convertible SecETF by 7,979,744.4% in the 2nd quarter. Assetmark Inc. now owns 2,154,558 shares of the exchange traded fund’s stock valued at $106,909,000 after acquiring an additional 2,154,531 shares in the last quarter. Wells Fargo & Company MN lifted its position in SPDR Barclays Capital Convertible SecETF by 37.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,197,097 shares of the exchange traded fund’s stock valued at $163,276,000 after acquiring an additional 869,268 shares in the last quarter. MML Investors Services LLC bought a new position in SPDR Barclays Capital Convertible SecETF in the 2nd quarter valued at about $13,423,000. AlphaStar Capital Management LLC lifted its position in SPDR Barclays Capital Convertible SecETF by 402,135.7% in the 3rd quarter. AlphaStar Capital Management LLC now owns 225,252 shares of the exchange traded fund’s stock valued at $4,006,000 after acquiring an additional 225,196 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its position in SPDR Barclays Capital Convertible SecETF by 292.9% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 292,235 shares of the exchange traded fund’s stock valued at $14,924,000 after acquiring an additional 217,862 shares in the last quarter.

Shares of SPDR Barclays Capital Convertible SecETF (CWB) traded up $0.28 during mid-day trading on Friday, hitting $51.42. 553,700 shares of the stock traded hands, compared to its average volume of 822,184. SPDR Barclays Capital Convertible SecETF has a 12 month low of $45.44 and a 12 month high of $52.67.

The business also recently declared a monthly dividend, which was paid on Monday, December 11th. Stockholders of record on Monday, December 4th were paid a dividend of $0.1309 per share. The ex-dividend date was Friday, December 1st. This represents a $1.57 annualized dividend and a dividend yield of 3.05%. This is a positive change from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.09.

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

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

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