Advisors Preferred LLC Raises Stock Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Advisors Preferred LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 127.0% in the third quarter, according to its most recent filing with the SEC. The fund owned 104,716 shares of the exchange traded fund’s stock after acquiring an additional 58,590 shares during the period. SPDR Bloomberg Convertible Securities ETF comprises 1.4% of Advisors Preferred LLC’s portfolio, making the stock its 20th biggest position. Advisors Preferred LLC owned about 0.20% of SPDR Bloomberg Convertible Securities ETF worth $9,563,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of CWB. Boyd Watterson Asset Management LLC OH purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the second quarter worth $26,000. First Command Advisory Services Inc. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $29,000. Caldwell Trust Co bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter worth about $33,000. Mather Group LLC. purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth about $35,000. Finally, Glassy Mountain Advisors Inc. bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at about $52,000.

SPDR Bloomberg Convertible Securities ETF Price Performance

SPDR Bloomberg Convertible Securities ETF stock opened at $94.64 on Friday. The firm has a 50-day moving average of $92.57 and a two-hundred day moving average of $90.52. SPDR Bloomberg Convertible Securities ETF has a 1 year low of $70.56 and a 1 year high of $96.17.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Thursday, February 5th. Investors of record on Monday, February 2nd were issued a $0.0862 dividend. The ex-dividend date was Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%.

SPDR Bloomberg Convertible Securities ETF 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. Convertible Bond >$500MM Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index.