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. The Fund may purchase a subset of the securities in the Index in an effort to hold a portfolio of securities. The Fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the Index. In addition, the Fund may invest in securities that are not included in the Index, futures, options, swap contracts and other derivatives. The Fund's investment advisor is SSgA Funds Management, Inc.
Basic Details
Issuer SSgA
Fund NameSPDR Bloomberg Barclays Convertible Securities ETF
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:CWB
Inception Date4/14/2009
Fund ManagerMichael Brunell, Christopher DiStefano
PhoneN/A
Fund Focus
Asset ClassFixed Income
BenchmarkBloomberg Barclays U.S. Convertible Liquid Bond Index
CategoryCorporate
FocusConvertibles
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$4.37 billion
Average Daily Volume$544,515.00
Discount/Premium1,964.66%
ETF Expenses
Management Fee0.40%
Other Expenses0.00%
Total Expenses0.40%
Fee Waiver0.00%
Net Expenses0.40%
Administrator, Advisor and Custodian
AdministratorSSGA Funds Management, Inc.
AdvisorSSgA Funds Management, Inc.
CustodianState Street Bank and Trust Company
DistributorState Street Global Advisors Funds Distributors, LLC
Transfer AgentState Street Bank and Trust Company
Trustee
Lead Market MakerVirtu Financial
SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA:CWB) Frequently Asked Questions
What is SPDR Bloomberg Barclays Convertible Securities ETF's stock symbol?
SPDR Bloomberg Barclays Convertible Securities ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "CWB."
How often does SPDR Bloomberg Barclays Convertible Securities ETF pay dividends? What is the dividend yield for SPDR Bloomberg Barclays Convertible Securities ETF?
SPDR Bloomberg Barclays Convertible Securities ETF declared a -- dividend on Tuesday, September 3rd. Shareholders of record on Wednesday, September 4th will be given a dividend of $0.085 per share on Monday, September 9th. This represents a yield of 5.3%. The ex-dividend date is Tuesday, September 3rd. View SPDR Bloomberg Barclays Convertible Securities ETF's Dividend History.
What price target have analysts set for CWB?
2 brokers have issued 1-year target prices for SPDR Bloomberg Barclays Convertible Securities ETF's shares. Their forecasts range from $27.00 to $33.00. On average, they anticipate SPDR Bloomberg Barclays Convertible Securities ETF's share price to reach $30.00 in the next year. This suggests that the stock has a possible downside of 45.1%. View Analyst Price Targets for SPDR Bloomberg Barclays Convertible Securities ETF.
What is the consensus analysts' recommendation for SPDR Bloomberg Barclays Convertible Securities ETF?
Has SPDR Bloomberg Barclays Convertible Securities ETF been receiving favorable news coverage?
News articles about CWB stock have been trending extremely positive on Saturday, according to InfoTrie Sentiment. InfoTrie identifies negative and positive media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. SPDR Bloomberg Barclays Convertible Securities ETF earned a media sentiment score of 4.1 on InfoTrie's scale. They also gave news coverage about the exchange traded fund a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for SPDR Bloomberg Barclays Convertible Securities ETF.
What other stocks do shareholders of SPDR Bloomberg Barclays Convertible Securities ETF own?
Who are SPDR Bloomberg Barclays Convertible Securities ETF's major shareholders?
SPDR Bloomberg Barclays Convertible Securities ETF's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Nan Shan Life Insurance Co. Ltd. (3.77%), Howard Capital Management Inc. (1.63%), Envestnet Asset Management Inc. (1.58%), MD Financial Management Inc. (1.14%), Conservest Capital Advisors Inc. (1.12%) and Tradewinds Capital Management LLC (0.70%).
Which major investors are selling SPDR Bloomberg Barclays Convertible Securities ETF stock?
CWB stock was sold by a variety of institutional investors in the last quarter, including Bluefin Trading LLC, Barclays PLC, Prime Capital Investment Advisors LLC, Appleton Group LLC, Bogart Wealth LLC, Bogart Wealth LLC, Stonehearth Capital Management LLC and Stifel Financial Corp.
Which major investors are buying SPDR Bloomberg Barclays Convertible Securities ETF stock?
CWB stock was purchased by a variety of institutional investors in the last quarter, including Nan Shan Life Insurance Co. Ltd., Howard Capital Management Inc., Envestnet Asset Management Inc., Tradewinds Capital Management LLC, Fulton Breakefield Broenniman LLC, MD Financial Management Inc., State of Tennessee Treasury Department and AE Wealth Management LLC.
How do I buy shares of SPDR Bloomberg Barclays Convertible Securities ETF?
Shares of CWB can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is SPDR Bloomberg Barclays Convertible Securities ETF's stock price today?
One share of CWB stock can currently be purchased for approximately $54.63.
How big of a company is SPDR Bloomberg Barclays Convertible Securities ETF?
What is SPDR Bloomberg Barclays Convertible Securities ETF's official website?
MarketBeat Community Rating for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA CWB)
MarketBeat's community ratings are surveys of what our community members think about SPDR Bloomberg Barclays Convertible Securities ETF and other stocks. Vote "Outperform" if you believe CWB will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CWB will underperform the S&P 500 over the long term. You may vote once every thirty days.
