Clark Capital Management Group Inc. Increases Position in SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)

Clark Capital Management Group Inc. increased its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 5.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 26,993 shares of the exchange traded fund’s stock after buying an additional 1,293 shares during the period. Clark Capital Management Group Inc.’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $1,410,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Moody National Bank Trust Division purchased a new stake in SPDR Bloomberg Barclays Convertible Securities ETF during the first quarter worth $28,000. Executive Wealth Management LLC purchased a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the fourth quarter valued at $29,000. Guidant Wealth Advisors purchased a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the first quarter valued at $37,000. Ropes Wealth Advisors LLC lifted its holdings in SPDR Bloomberg Barclays Convertible Securities ETF by 380.5% during the first 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 in the last quarter. Finally, Kwmg LLC purchased a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the fourth quarter valued at $79,000.

CWB traded down $0.22 during midday trading on Friday, hitting $51.87. 373,100 shares of the company traded hands, compared to its average volume of 971,687. SPDR Bloomberg Barclays Convertible Securities ETF has a 52-week low of $45.13 and a 52-week high of $54.99.

The business also recently disclosed a monthly dividend, which was paid on Friday, June 7th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.0786 per share. This represents a $0.94 annualized dividend and a yield of 1.82%. This is an increase from SPDR Bloomberg Barclays Convertible Securities ETF’s previous monthly dividend of $0.07. The ex-dividend date was Monday, June 3rd.

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

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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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