Cutler Capital Management LLC Decreases Stake in SPDR Barclays Capital Convertible SecETF (CWB)

Cutler Capital Management LLC reduced its holdings in shares of SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB) by 84.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,722 shares of the exchange traded fund’s stock after selling 31,503 shares during the quarter. Cutler Capital Management LLC’s holdings in SPDR Barclays Capital Convertible SecETF were worth $289,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the company. Wells Fargo & Company MN boosted its holdings in shares of SPDR Barclays Capital Convertible SecETF by 37.3% in the 3rd quarter. Wells Fargo & Company MN now owns 3,197,097 shares of the exchange traded fund’s stock valued at $163,276,000 after buying an additional 869,268 shares during the last quarter. Stifel Financial Corp boosted its holdings in shares of SPDR Barclays Capital Convertible SecETF by 31.3% in the 3rd quarter. Stifel Financial Corp now owns 206,464 shares of the exchange traded fund’s stock valued at $10,562,000 after buying an additional 49,230 shares during the last quarter. Mountain Capital Investment Advisors Inc boosted its holdings in shares of SPDR Barclays Capital Convertible SecETF by 18.6% in the 3rd quarter. Mountain Capital Investment Advisors Inc now owns 85,964 shares of the exchange traded fund’s stock valued at $4,390,000 after buying an additional 13,495 shares during the last quarter. Winfield Associates Inc. boosted its holdings in shares of SPDR Barclays Capital Convertible SecETF by 2.7% in the 3rd quarter. Winfield Associates Inc. now owns 87,359 shares of the exchange traded fund’s stock valued at $4,461,000 after buying an additional 2,269 shares during the last quarter. Finally, MV Capital Management Inc. boosted its holdings in shares of SPDR Barclays Capital Convertible SecETF by 5.1% in the 3rd quarter. MV Capital Management Inc. now owns 114,216 shares of the exchange traded fund’s stock valued at $5,833,000 after buying an additional 5,527 shares during the last quarter.

CWB has been the subject of several recent analyst reports. Scotiabank reissued a “buy” rating and issued a $42.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 22nd. BMO Capital Markets reissued a “hold” rating and issued a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Wednesday, November 15th. Finally, Canaccord Genuity reissued a “hold” rating and issued a $33.00 price objective on shares of SPDR Barclays Capital Convertible SecETF in a report on Tuesday, October 31st.

Shares of SPDR Barclays Capital Convertible SecETF (CWB) opened at $49.67 on Friday. SPDR Barclays Capital Convertible SecETF has a twelve month low of $47.03 and a twelve month high of $53.73.

The firm also recently declared a monthly dividend, which was paid on Wednesday, February 7th. Shareholders of record on Friday, February 2nd were issued a dividend of $0.0819 per share. This represents a $0.98 annualized dividend and a yield of 1.98%. The ex-dividend date was Thursday, February 1st.

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SPDR Barclays Capital Convertible SecETF 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.

Want to see what other hedge funds are holding CWB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB).

Institutional Ownership by Quarter for SPDR Barclays Capital Convertible SecETF (NYSEARCA:CWB)

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