Wilbanks Smith & Thomas Asset Management LLC Invests $5.18 Million in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

Wilbanks Smith & Thomas Asset Management LLC acquired a new position in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 99,207 shares of the exchange traded fund’s stock, valued at approximately $5,184,000. Wilbanks Smith & Thomas Asset Management LLC owned 0.13% of SPDR Bloomberg Barclays Convertible Securities ETF as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 1st quarter valued at approximately $28,000. Executive Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 4th quarter valued at approximately $29,000. Guidant Wealth Advisors purchased a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 1st quarter valued at approximately $37,000. Ropes Wealth Advisors LLC lifted its stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 380.5% in the 1st quarter. Ropes Wealth Advisors LLC now owns 961 shares of the exchange traded fund’s stock valued at $50,000 after purchasing an additional 761 shares during the period. Finally, Kwmg LLC purchased a new position in shares of SPDR Bloomberg Barclays Convertible Securities ETF in the 4th quarter valued at approximately $79,000.

CWB opened at $52.87 on Friday. The company has a 50 day moving average price of $51.82. SPDR Bloomberg Barclays Convertible Securities ETF has a 52 week low of $45.13 and a 52 week high of $54.53.

The company also recently announced a monthly dividend, which was paid on Friday, June 7th. Stockholders of record on Tuesday, June 4th were paid a $0.0786 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Monday, June 3rd. This is a boost from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.07.

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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Institutional Ownership by Quarter for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

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