SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) Receives Hold Rating from BMO Capital Markets

SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)‘s stock had its “hold” rating reiterated by research analysts at BMO Capital Markets in a research report issued on Wednesday, November 15th. They currently have a $33.00 target price on the exchange traded fund’s stock. BMO Capital Markets’ target price indicates a potential downside of 35.14% from the company’s previous close.

Separately, Canaccord Genuity reissued a “hold” rating and set a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st.

SPDR Barclays Capital Convertible SecETF (CWB) traded down $0.54 during midday trading on Wednesday, reaching $50.88. 678,296 shares of the company’s stock traded hands, compared to its average volume of 820,894. SPDR Barclays Capital Convertible SecETF has a 52 week low of $45.05 and a 52 week high of $52.67.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust bought a new position in shares of SPDR Barclays Capital Convertible SecETF in the third quarter valued at about $102,000. BB&T Investment Services Inc. acquired a new position in shares of SPDR Barclays Capital Convertible SecETF in the second quarter valued at about $108,000. Alken Asset Management Ltd. acquired a new position in shares of SPDR Barclays Capital Convertible SecETF in the second quarter valued at about $118,000. UBS Asset Management Americas Inc. grew its stake in shares of SPDR Barclays Capital Convertible SecETF by 12.3% in the second quarter. UBS Asset Management Americas Inc. now owns 2,680 shares of the exchange traded fund’s stock valued at $133,000 after acquiring an additional 293 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in shares of SPDR Barclays Capital Convertible SecETF by 54.5% in the second quarter. Advisory Services Network LLC now owns 2,907 shares of the exchange traded fund’s stock valued at $144,000 after acquiring an additional 1,025 shares in the last quarter.

TRADEMARK VIOLATION WARNING: This report was first reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.dispatchtribunal.com/2017/12/04/spdr-barclays-capital-convertible-secetf-cwb-rating-reiterated-by-bmo-capital-markets.html.

SPDR Barclays Capital Convertible SecETF 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.

Receive News & Ratings for SPDR Barclays Capital Convertible SecETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR Barclays Capital Convertible SecETF and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply