Shine Investment Advisory Services Inc. Has $2.03 Million Position in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

Shine Investment Advisory Services Inc. lessened its holdings in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 1.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,472 shares of the exchange traded fund’s stock after selling 720 shares during the period. SPDR Bloomberg Barclays Convertible Securities ETF accounts for approximately 1.0% of Shine Investment Advisory Services Inc.’s portfolio, making the stock its 21st largest holding. Shine Investment Advisory Services Inc. owned approximately 0.05% of SPDR Bloomberg Barclays Convertible Securities ETF worth $2,034,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. IMA Wealth Inc. increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 32.8% during the fourth quarter. IMA Wealth Inc. now owns 1,742 shares of the exchange traded fund’s stock worth $82,000 after purchasing an additional 430 shares during the last quarter. Patton Albertson Miller Group LLC acquired a new stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the third quarter worth $104,000. TRUE Private Wealth Advisors acquired a new stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the third quarter worth $135,000. Advisors Asset Management Inc. increased its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 157.7% in the third quarter. Advisors Asset Management Inc. now owns 2,510 shares of the exchange traded fund’s stock worth $135,000 after acquiring an additional 1,536 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 100.1% in the second quarter. SG Americas Securities LLC now owns 2,513 shares of the exchange traded fund’s stock worth $133,000 after acquiring an additional 1,727,100 shares in the last quarter.

Separately, Barclays reissued an “average” rating and issued a $27.00 price objective on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research report on Friday, December 7th.

Shares of CWB stock traded down $0.02 on Thursday, hitting $51.40. The stock had a trading volume of 2,307,730 shares, compared to its average volume of 1,357,911. SPDR Bloomberg Barclays Convertible Securities ETF has a 52-week low of $45.13 and a 52-week high of $54.99.

The company also recently announced a monthly dividend, which was paid on Thursday, February 7th. Stockholders of record on Monday, February 4th were paid a $0.0714 dividend. The ex-dividend date was Friday, February 1st. This represents a $0.86 annualized dividend and a dividend yield of 1.67%.

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About SPDR Bloomberg Barclays Convertible Securities ETF

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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