OxFORD Asset Management LLP Buys New Stake in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

OxFORD Asset Management LLP purchased a new stake in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) in the third quarter, according to the company in its most recent filing with the SEC. The fund purchased 23,332 shares of the exchange traded fund’s stock, valued at approximately $1,186,000.

Several other hedge funds and other institutional investors have also made changes to their positions in CWB. First Trust Advisors LP raised its holdings in shares of SPDR Barclays Capital Convertible SecETF by 11.7% in 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 during the period. BNP Paribas Arbitrage SA raised its holdings in shares of SPDR Barclays Capital Convertible SecETF by 99.8% in 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 during the period. BB&T Securities LLC raised its holdings in shares of SPDR Barclays Capital Convertible SecETF by 79.4% in 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 during the period. RFG Advisory Group LLC bought a new stake in shares of SPDR Barclays Capital Convertible SecETF in the 2nd quarter worth approximately $428,000. Finally, Pinnacle Wealth Management Advisory Group LLC raised its holdings in shares of SPDR Barclays Capital Convertible SecETF by 3.6% in the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 45,780 shares of the exchange traded fund’s stock worth $2,272,000 after purchasing an additional 1,595 shares during the period.

Shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) traded up $0.24 during mid-day trading on Thursday, reaching $52.04. 587,374 shares of the company’s stock were exchanged, compared to its average volume of 1,172,359. SPDR Barclays Capital Convertible SecETF has a 1-year low of $46.10 and a 1-year high of $52.67.

The firm also recently announced a monthly dividend, which was paid on Thursday, December 28th. Shareholders of record on Wednesday, December 20th were issued a dividend of $0.7507 per share. This is a boost from SPDR Barclays Capital Convertible SecETF’s previous monthly dividend of $0.13. The ex-dividend date was Tuesday, December 19th. This represents a $9.01 dividend on an annualized basis and a yield of 17.31%.

A number of equities research analysts recently commented on the stock. Scotiabank reaffirmed 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. BMO Capital Markets reaffirmed 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. Finally, Canaccord Genuity reaffirmed 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.

ILLEGAL ACTIVITY WARNING: This piece was reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/11/oxford-asset-management-llp-purchases-shares-of-23332-spdr-barclays-capital-convertible-secetf-cwb.html.

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)

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