Citigroup Inc. Has $5.46 Million Stock Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Citigroup Inc. grew its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 18.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 60,371 shares of the exchange traded fund’s stock after purchasing an additional 9,496 shares during the quarter. Citigroup Inc. owned about 0.12% of SPDR Bloomberg Convertible Securities ETF worth $5,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Optivise Advisory Services LLC increased its holdings in SPDR Bloomberg Convertible Securities ETF by 1.2% in the second quarter. Optivise Advisory Services LLC now owns 47,743 shares of the exchange traded fund’s stock valued at $3,946,000 after purchasing an additional 575 shares during the last quarter. Key Financial Inc grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 1.7% during the 2nd quarter. Key Financial Inc now owns 9,378 shares of the exchange traded fund’s stock worth $775,000 after buying an additional 159 shares during the period. Advisors Preferred LLC increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 605.1% in the 2nd quarter. Advisors Preferred LLC now owns 46,126 shares of the exchange traded fund’s stock valued at $3,796,000 after acquiring an additional 39,584 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $58,000. Finally, Horan Securities Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at approximately $225,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA CWB opened at $93.08 on Wednesday. The firm has a 50 day moving average price of $93.28 and a 200 day moving average price of $91.03. SPDR Bloomberg Convertible Securities ETF has a 52-week low of $70.56 and a 52-week high of $96.17.

SPDR Bloomberg Convertible Securities ETF Increases Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 5th. Investors of record on Monday, March 2nd will be given a $0.1465 dividend. The ex-dividend date is Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from SPDR Bloomberg Convertible Securities ETF’s previous monthly dividend of $0.09.

SPDR Bloomberg 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. 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.