Barclays Reiterates Average Rating for SPDR Bloomberg Barclays Convertible Securities ETF (CWB)

Barclays reaffirmed their average rating on shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) in a research report sent to investors on Friday morning. They currently have a $27.00 price objective on the exchange traded fund’s stock.

Shares of NYSEARCA CWB opened at $50.25 on Friday. SPDR Bloomberg Barclays Convertible Securities ETF has a 52-week low of $48.72 and a 52-week high of $54.99.

The business also recently announced a monthly dividend, which was paid on Friday, December 7th. Investors of record on Tuesday, December 4th were issued a $0.0877 dividend. This represents a $1.05 dividend on an annualized basis and a dividend yield of 2.10%. This is a boost from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, December 3rd.

Several institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 6.3% in the second quarter. Bank of America Corp DE now owns 4,027,024 shares of the exchange traded fund’s stock worth $213,513,000 after buying an additional 237,739 shares during the period. Morgan Stanley boosted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 0.5% in the third quarter. Morgan Stanley now owns 3,676,533 shares of the exchange traded fund’s stock worth $198,312,000 after buying an additional 19,389 shares during the period. Wells Fargo & Company MN boosted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 7.0% in the third quarter. Wells Fargo & Company MN now owns 3,435,548 shares of the exchange traded fund’s stock worth $185,314,000 after buying an additional 224,097 shares during the period. Bank of Montreal Can boosted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 26.9% in the third quarter. Bank of Montreal Can now owns 1,658,375 shares of the exchange traded fund’s stock worth $89,452,000 after buying an additional 351,711 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 6.9% in the third quarter. PNC Financial Services Group Inc. now owns 1,600,667 shares of the exchange traded fund’s stock worth $86,340,000 after buying an additional 103,387 shares during the period.

SPDR Bloomberg Barclays Convertible Securities ETF 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.

Featured Article: Debt-To-Equity Ratio

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


Leave a Reply