SPDR Bloomberg Barclays Convertible Securities ETF (CWB) Shares Sold by Sandy Spring Bank

SPDR Bloomberg Barclays Convertible Securities ETF (CWB) Shares Sold by Sandy Spring Bank

Sandy Spring Bank trimmed its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 21.7% during the first quarter, HoldingsChannel.com reports. The fund owned 1,800 shares of the exchange traded fund’s stock after selling 500 shares during the period. Sandy Spring Bank’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $94,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Shelton Capital Management raised its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 2.8% during the fourth quarter. Shelton Capital Management now owns 7,947 shares of the exchange traded fund’s stock worth $372,000 after acquiring an additional 213 shares during the period. Telos Capital Management Inc. raised its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 5.7% during the fourth quarter. Telos Capital Management Inc. now owns 4,445 shares of the exchange traded fund’s stock worth $208,000 after acquiring an additional 239 shares during the period. Cetera Investment Advisers raised its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 5.1% during the fourth quarter. Cetera Investment Advisers now owns 6,203 shares of the exchange traded fund’s stock worth $289,000 after acquiring an additional 300 shares during the period. Goelzer Investment Management Inc. grew its position in SPDR Bloomberg Barclays Convertible Securities ETF by 0.3% in the fourth quarter. Goelzer Investment Management Inc. now owns 96,770 shares of the exchange traded fund’s stock valued at $4,528,000 after purchasing an additional 333 shares in the last quarter. Finally, Brasada Capital Management LP grew its position in SPDR Bloomberg Barclays Convertible Securities ETF by 4.3% in the fourth quarter. Brasada Capital Management LP now owns 9,298 shares of the exchange traded fund’s stock valued at $435,000 after purchasing an additional 380 shares in the last quarter.

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

SPDR Bloomberg Barclays Convertible Securities ETF stock opened at $52.14 on Thursday. SPDR Bloomberg Barclays Convertible Securities ETF has a 1-year low of $45.13 and a 1-year high of $54.99.

The firm also recently announced a monthly dividend, which was paid on Tuesday, May 7th. Investors of record on Thursday, May 2nd were given a $0.0683 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, May 1st.

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).

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