National Asset Management Inc. lifted its position in shares of SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) by 38.3% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 29,319 shares of the exchange traded fund’s stock after buying an additional 8,123 shares during the quarter. National Asset Management Inc.’s holdings in SPDR Bloomberg Barclays Convertible Securities ETF were worth $1,532,000 institutional investors and hedge funds have also recently made changes to their positions in CWB. Deutsche Bank AG acquired a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the fourth quarter worth approximately $99,772,000. Montecito Bank & Trust increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 4.9% during the first quarter. Montecito Bank & Trust now owns 97,423 shares of the exchange traded fund’s stock worth $5,090,000 after purchasing an additional 4,585 shares during the last quarter. MD Financial Management Inc. increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 2.5% during the fourth quarter. MD Financial Management Inc. now owns 1,669,271 shares of the exchange traded fund’s stock worth $78,105,000 after purchasing an additional 40,641 shares during the last quarter. WESPAC Advisors LLC acquired a new position in SPDR Bloomberg Barclays Convertible Securities ETF during the first quarter worth approximately $1,622,000. Finally, Adviser Investments LLC increased its position in SPDR Bloomberg Barclays Convertible Securities ETF by 1,007.6% during the fourth quarter. Adviser Investments LLC now owns 46,607 shares of the exchange traded fund’s stock worth $2,181,000 after purchasing an additional 42,399 shares during the last quarter.

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

Shares of CWB stock opened at $51.69 on Tuesday. SPDR Bloomberg Barclays Convertible Securities ETF has a one year low of $45.13 and a one year high of $54.99.

The firm also recently disclosed a monthly dividend, which was paid on Tuesday, May 7th. Stockholders of record on Thursday, May 2nd were given a $0.0683 dividend. This represents a $0.82 annualized dividend and a dividend yield of 1.59%. was Wednesday, May 1st.

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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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CWB? SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB).

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