SPDR Bloomberg Barclays Convertible Securities ETF (CWB) Stock Rating Reaffirmed by Barclays

SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB)‘s stock had its “average” rating restated by Barclays in a research note issued to investors on Friday. They currently have a $27.00 price target on the exchange traded fund’s stock. Barclays’ price objective indicates a potential downside of 46.77% from the company’s previous close.

Shares of CWB stock traded down $0.27 during midday trading on Friday, hitting $50.72. 31,511 shares of the company were exchanged, compared to its average volume of 1,210,768. SPDR Bloomberg Barclays Convertible Securities ETF has a 52 week low of $48.72 and a 52 week high of $54.99.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Belpointe Asset Management LLC boosted its holdings in SPDR Bloomberg Barclays Convertible Securities ETF by 588.1% in the 3rd quarter. Belpointe Asset Management LLC now owns 181,414 shares of the exchange traded fund’s stock valued at $9,785,000 after purchasing an additional 155,048 shares during the period. Morgan Stanley lifted its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 0.5% during the 3rd quarter. Morgan Stanley now owns 3,676,533 shares of the exchange traded fund’s stock worth $198,312,000 after acquiring an additional 19,389 shares during the period. Rehmann Capital Advisory Group lifted its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 5,293.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 16,397 shares of the exchange traded fund’s stock worth $304,000 after acquiring an additional 16,093 shares during the period. Csenge Advisory Group lifted its holdings in shares of SPDR Bloomberg Barclays Convertible Securities ETF by 12.5% during the 3rd quarter. Csenge Advisory Group now owns 94,600 shares of the exchange traded fund’s stock worth $4,780,000 after acquiring an additional 10,478 shares during the period. Finally, B. Riley Wealth Management Inc. bought a new stake in shares of SPDR Bloomberg Barclays Convertible Securities ETF during the 3rd quarter worth approximately $783,000.



SPDR Bloomberg Barclays 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.

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