PFG Advisors Takes Position in SPDR Bloomberg Convertible Securities ETF $CWB

PFG Advisors bought a new position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 91,018 shares of the exchange traded fund’s stock, valued at approximately $8,237,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth about $35,000. Caldwell Trust Co purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $33,000. Glassy Mountain Advisors Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth about $52,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $58,000. Finally, Country Trust Bank purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the second quarter worth approximately $80,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA:CWB opened at $91.34 on Monday. SPDR Bloomberg Convertible Securities ETF has a twelve month low of $70.56 and a twelve month high of $96.17. The firm has a 50 day simple moving average of $93.41 and a 200-day simple moving average of $91.20.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a dividend of $0.1465 per share. This represents a c) annualized dividend and a 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.