New York Life Investment Management LLC Has $45.84 Million Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

New York Life Investment Management LLC decreased its holdings in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 16.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 506,477 shares of the exchange traded fund’s stock after selling 98,646 shares during the quarter. New York Life Investment Management LLC owned 0.98% of SPDR Bloomberg Convertible Securities ETF worth $45,836,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Boyd Watterson Asset Management LLC OH bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth approximately $26,000. First Command Advisory Services Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth $29,000. Caldwell Trust Co acquired a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at $33,000. Mather Group LLC. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $35,000. Finally, Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth $58,000.

SPDR Bloomberg Convertible Securities ETF Stock Performance

Shares of NYSEARCA CWB opened at $93.95 on Monday. The stock’s fifty day moving average is $91.75 and its 200 day moving average is $89.87. 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 Cuts Dividend

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

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.