Envestnet Asset Management Inc. Sells 90,664 Shares of SPDR Barclays Capital Convertible SecETF (CWB)

Envestnet Asset Management Inc. decreased its holdings in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 43.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 117,043 shares of the exchange traded fund’s stock after selling 90,664 shares during the period. Envestnet Asset Management Inc. owned approximately 0.15% of SPDR Barclays Capital Convertible SecETF worth $5,982,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CWB. Private Advisor Group LLC grew its holdings in shares of SPDR Barclays Capital Convertible SecETF by 18.6% in the 3rd quarter. Private Advisor Group LLC now owns 117,963 shares of the exchange traded fund’s stock valued at $6,085,000 after buying an additional 18,477 shares during the period. Mackenzie Financial Corp grew its holdings in shares of SPDR Barclays Capital Convertible SecETF by 23.9% in the 3rd quarter. Mackenzie Financial Corp now owns 157,000 shares of the exchange traded fund’s stock valued at $8,018,000 after buying an additional 30,309 shares during the period. Stifel Financial Corp grew its holdings in shares of SPDR Barclays Capital Convertible SecETF by 31.3% in the 3rd quarter. Stifel Financial Corp now owns 206,464 shares of the exchange traded fund’s stock valued at $10,562,000 after buying an additional 49,230 shares during the period. OxFORD Asset Management LLP acquired a new position in shares of SPDR Barclays Capital Convertible SecETF in the 3rd quarter valued at $1,186,000. Finally, Cutler Capital Management LLC grew its holdings in shares of SPDR Barclays Capital Convertible SecETF by 911.5% in the 3rd quarter. Cutler Capital Management LLC now owns 37,225 shares of the exchange traded fund’s stock valued at $190,000 after buying an additional 33,545 shares during the period.

Several brokerages have recently issued reports on CWB. Canaccord Genuity reissued a “hold” rating and issued a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st. Scotiabank reissued a “buy” rating and issued a $42.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th.

Shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) traded up $0.16 during mid-day trading on Friday, hitting $51.15. 1,502,320 shares of the stock traded hands, compared to its average volume of 824,187. SPDR Barclays Capital Convertible SecETF has a one year low of $45.44 and a one year high of $52.67.

The company also recently declared a monthly dividend, which will be paid on Monday, December 11th. Stockholders of record on Monday, December 4th will be issued a $0.1309 dividend. This is a positive change from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.09. The ex-dividend date of this dividend is Friday, December 1st. This represents a $1.57 annualized dividend and a dividend yield of 3.07%.

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SPDR Barclays Capital Convertible SecETF 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.

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

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