AXS Investments LLC Reduces Stake in SPDR Bloomberg Convertible Securities ETF $CWB

AXS Investments LLC lowered its stake in SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 34.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,466 shares of the exchange traded fund’s stock after selling 9,008 shares during the quarter. AXS Investments LLC’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $1,581,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Simplicity Wealth LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 118.0% during the second quarter. Simplicity Wealth LLC now owns 72,844 shares of the exchange traded fund’s stock valued at $6,021,000 after buying an additional 39,424 shares during the period. Proffitt & Goodson Inc. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $36,000. H&H Retirement Design & Management INC grew its stake in SPDR Bloomberg Convertible Securities ETF by 7.3% during the second quarter. H&H Retirement Design & Management INC now owns 410,452 shares of the exchange traded fund’s stock valued at $34,872,000 after acquiring an additional 27,962 shares in the last quarter. Ignite Planners LLC grew its stake in SPDR Bloomberg Convertible Securities ETF by 1.9% during the second quarter. Ignite Planners LLC now owns 18,354 shares of the exchange traded fund’s stock valued at $1,564,000 after acquiring an additional 334 shares in the last quarter. Finally, US Bancorp DE increased its holdings in SPDR Bloomberg Convertible Securities ETF by 19.9% during the 2nd quarter. US Bancorp DE now owns 10,570 shares of the exchange traded fund’s stock worth $874,000 after acquiring an additional 1,752 shares during the period.

SPDR Bloomberg Convertible Securities ETF Price Performance

Shares of NYSEARCA:CWB opened at $93.40 on Monday. The firm has a fifty day moving average price of $91.39 and a two-hundred day moving average price of $89.58. SPDR Bloomberg Convertible Securities ETF has a one year low of $70.56 and a one year high of $96.17.

SPDR Bloomberg Convertible Securities ETF Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, February 5th. Investors of record on Monday, February 2nd will be paid a dividend of $0.0862 per share. The ex-dividend date of this dividend is Monday, February 2nd. This represents a c) annualized dividend and a yield of 1.1%.

SPDR Bloomberg Convertible Securities ETF 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.