Stonehearth Capital Management LLC Grows Holdings in SPDR Bloomberg Barclays Convertible Securities ETF (CWB)

Stonehearth Capital Management LLC raised its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,657 shares of the exchange traded fund’s stock after purchasing an additional 3,217 shares during the quarter. SPDR Bloomberg Barclays Convertible Securities ETF accounts for about 1.5% of Stonehearth Capital Management LLC’s portfolio, making the stock its 12th largest position. Stonehearth Capital Management LLC owned about 0.05% of SPDR Bloomberg Barclays Convertible Securities ETF worth $2,020,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. Moody National Bank Trust Division purchased a new position in SPDR Bloomberg Barclays Convertible Securities ETF in the 1st quarter worth about $28,000. Dfpg Investments Inc. purchased a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the 1st quarter valued at about $206,000. PagnatoKarp Partners LLC increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 12.1% during the 1st quarter. PagnatoKarp Partners LLC now owns 19,667 shares of the exchange traded fund’s stock valued at $1,028,000 after purchasing an additional 2,117 shares during the period. Polaris Greystone Financial Group LLC increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 2.9% during the 1st quarter. Polaris Greystone Financial Group LLC now owns 773,982 shares of the exchange traded fund’s stock valued at $40,611,000 after purchasing an additional 21,693 shares during the period. Finally, Montecito Bank & Trust increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 4.9% during the 1st quarter. Montecito Bank & Trust now owns 97,423 shares of the exchange traded fund’s stock valued at $5,090,000 after purchasing an additional 4,585 shares during the period.

Separately, Scotiabank reissued an “average” rating and set a $33.00 target price on shares of SPDR Bloomberg Barclays Convertible Securities ETF in a research report on Friday, February 22nd.

Shares of NYSEARCA:CWB traded down $0.14 during trading on Thursday, reaching $53.01. The stock had a trading volume of 12,538 shares, compared to its average volume of 1,082,086. SPDR Bloomberg Barclays Convertible Securities ETF has a one year low of $45.13 and a one year high of $54.99.

The company also recently declared a monthly dividend, which was paid on Friday, April 5th. Stockholders of record on Tuesday, April 2nd were issued a $0.124 dividend. This is a boost from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.09. This represents a $1.49 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Monday, April 1st.

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

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