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

Tcfg Wealth Management LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,250 shares of the exchange traded fund’s stock, valued at approximately $1,380,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth about $35,000. Caldwell Trust Co bought a new stake in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $33,000. Glassy Mountain Advisors Inc. bought a new stake in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $52,000. Country Trust Bank acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $80,000. Finally, Cornerstone Planning Group LLC boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 259.0% in the third quarter. Cornerstone Planning Group LLC now owns 973 shares of the exchange traded fund’s stock worth $95,000 after acquiring an additional 702 shares in the last quarter.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.7%

Shares of CWB opened at $93.91 on Wednesday. The business’s fifty day moving average is $93.76 and its 200 day moving average is $91.54. SPDR Bloomberg Convertible Securities ETF has a 12-month low of $70.56 and a 12-month high of $96.17.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were paid a $0.1465 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. This is a positive change from SPDR Bloomberg Convertible Securities ETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend was Monday, March 2nd.

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.