SPDR Barclays Capital Convertible SecETF (CWB) Shares Bought by Suntrust Banks Inc.

Suntrust Banks Inc. boosted its holdings in SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 9.7% in the fourth quarter, HoldingsChannel reports. The firm owned 211,686 shares of the exchange traded fund’s stock after purchasing an additional 18,722 shares during the period. Suntrust Banks Inc.’s holdings in SPDR Barclays Capital Convertible SecETF were worth $10,711,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Parkside Financial Bank & Trust bought a new stake in SPDR Barclays Capital Convertible SecETF in the third quarter worth approximately $102,000. UBS Asset Management Americas Inc. increased its holdings in 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 worth $133,000 after purchasing an additional 293 shares in the last quarter. Advisory Services Network LLC increased its holdings in 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 worth $144,000 after purchasing an additional 1,025 shares in the last quarter. Resources Investment Advisors Inc. bought a new stake in SPDR Barclays Capital Convertible SecETF in the fourth quarter worth approximately $231,000. Finally, The Manufacturers Life Insurance Company increased its holdings in SPDR Barclays Capital Convertible SecETF by 586.0% in the second quarter. The Manufacturers Life Insurance Company now owns 4,768 shares of the exchange traded fund’s stock worth $237,000 after purchasing an additional 4,073 shares in the last quarter.

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

Shares of SPDR Barclays Capital Convertible SecETF (CWB) opened at $51.50 on Friday. SPDR Barclays Capital Convertible SecETF has a 1-year low of $47.03 and a 1-year high of $53.73.

The company also recently disclosed a monthly dividend, which was paid on Wednesday, February 7th. Stockholders of record on Friday, February 2nd were issued a dividend of $0.0819 per share. The ex-dividend date was Thursday, February 1st. This represents a $0.98 annualized dividend and a dividend yield of 1.91%.

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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.

Want to see what other hedge funds are holding CWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB).

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

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