JPMorgan Chase & Co. Decreases Position in SPDR Barclays Capital Convertible SecETF (CWB)

JPMorgan Chase & Co. decreased its holdings in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 51.8% in the third quarter, HoldingsChannel reports. The firm owned 31,617 shares of the exchange traded fund’s stock after selling 33,972 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR Barclays Capital Convertible SecETF were worth $1,607,000 as of its most recent SEC filing.

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

Shares of SPDR Barclays Capital Convertible SecETF (CWB) opened at $51.99 on Wednesday. SPDR Barclays Capital Convertible SecETF has a fifty-two week low of $46.10 and a fifty-two week high of $52.67.

The company also recently declared a monthly dividend, which was paid on Thursday, December 28th. Stockholders 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 of this dividend was Tuesday, December 19th. This represents a $9.01 dividend on an annualized basis and a dividend yield of 17.33%.

A number of equities research analysts have recently commented on the stock. Scotiabank reiterated a “buy” rating and set a $42.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd. BMO Capital Markets reiterated a “hold” rating and set a $33.00 price target on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th. Finally, Canaccord Genuity reiterated 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.

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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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