Chicago Partners Investment Group LLC Boosts Stake in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

Chicago Partners Investment Group LLC lifted its position in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 276.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,623 shares of the exchange traded fund’s stock after buying an additional 40,845 shares during the quarter. Chicago Partners Investment Group LLC owned approximately 0.07% of SPDR Barclays Capital Convertible SecETF worth $2,841,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. First Trust Advisors LP grew its stake in SPDR Barclays Capital Convertible SecETF by 11.7% during the 2nd quarter. First Trust Advisors LP now owns 10,462 shares of the exchange traded fund’s stock worth $519,000 after purchasing an additional 1,096 shares in the last quarter. Wedbush Securities Inc. grew its stake in SPDR Barclays Capital Convertible SecETF by 46.5% during the 2nd quarter. Wedbush Securities Inc. now owns 8,480 shares of the exchange traded fund’s stock worth $421,000 after purchasing an additional 2,693 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in SPDR Barclays Capital Convertible SecETF by 99.8% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,193 shares of the exchange traded fund’s stock worth $307,000 after purchasing an additional 3,094 shares in the last quarter. BB&T Securities LLC grew its stake in SPDR Barclays Capital Convertible SecETF by 79.4% during the 2nd quarter. BB&T Securities LLC now owns 29,320 shares of the exchange traded fund’s stock worth $1,454,000 after purchasing an additional 12,975 shares in the last quarter. Finally, iAB Financial Bank grew its stake in SPDR Barclays Capital Convertible SecETF by 21.2% during the 2nd quarter. iAB Financial Bank now owns 7,155 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 1,250 shares in the last quarter.

SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) traded down $0.16 during trading on Friday, hitting $50.60. The stock had a trading volume of 465,272 shares, compared to its average volume of 812,287. SPDR Barclays Capital Convertible SecETF has a fifty-two week low of $45.44 and a fifty-two week high of $52.67.

The company also recently announced a monthly dividend, which was paid on Thursday, December 28th. Stockholders of record on Wednesday, December 20th were issued a $0.7507 dividend. This is an increase from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.13. This represents a $9.01 annualized dividend and a dividend yield of 17.80%. The ex-dividend date of this dividend was Tuesday, December 19th.

Several research analysts recently commented on the company. 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 note 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 note 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 note on Wednesday, November 22nd.

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About SPDR Barclays Capital Convertible SecETF

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.

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

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