Global Trust Asset Management LLC Has $468,000 Position in SPDR Bloomberg Barclays Convertible Securities ETF (CWB)

Global Trust Asset Management LLC decreased its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 51.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,998 shares of the exchange traded fund’s stock after selling 10,643 shares during the period. Global Trust Asset Management LLC’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $468,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Bank of America Corp DE grew its holdings in SPDR Bloomberg Barclays Convertible Securities ETF by 6.3% during the 2nd quarter. Bank of America Corp DE now owns 4,027,024 shares of the exchange traded fund’s stock worth $213,513,000 after acquiring an additional 237,739 shares in the last quarter. Morgan Stanley boosted its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 0.5% in the 3rd quarter. Morgan Stanley now owns 3,676,533 shares of the exchange traded fund’s stock valued at $198,312,000 after buying an additional 19,389 shares during the period. Wells Fargo & Company MN boosted its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 7.0% in the 3rd quarter. Wells Fargo & Company MN now owns 3,435,548 shares of the exchange traded fund’s stock valued at $185,314,000 after buying an additional 224,097 shares during the period. Bank of Montreal Can boosted its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 26.9% in the 3rd quarter. Bank of Montreal Can now owns 1,658,375 shares of the exchange traded fund’s stock valued at $89,452,000 after buying an additional 351,711 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 6.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,600,667 shares of the exchange traded fund’s stock valued at $86,340,000 after buying an additional 103,387 shares during the period.

Shares of NYSEARCA CWB traded up $0.10 during midday trading on Friday, hitting $48.84. The company’s stock had a trading volume of 53,381 shares, compared to its average volume of 1,431,937. SPDR Bloomberg Barclays Convertible Securities ETF has a 1-year low of $45.13 and a 1-year high of $54.99.

The firm also recently declared a monthly dividend, which was paid on Wednesday, December 26th. Stockholders of record on Thursday, December 20th were issued a $1.7828 dividend. The ex-dividend date of this dividend was Wednesday, December 19th. This is a positive change from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.09. This represents a $21.39 annualized dividend and a dividend yield of 43.80%.

Separately, Barclays reaffirmed a “sell” rating and issued a $35.00 price target on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a report on Friday, November 16th.

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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.

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