NYSEARCA:CWB - SPDR Bloomberg Barclays Convertible Securities ETF Stock Price, Price Target & More

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$53.64 -0.11 (-0.20 %)
(As of 07/23/2018 07:48 AM ET)
Previous Close$53.75
Today's Range$53.62 - $53.80
52-Week Range$48.86 - $54.99
Volume390,991 shs
Average Volume1.20 million shs
Market CapitalizationN/A
P/E RatioN/A
Dividend Yield3.80%
BetaN/A
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.

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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
BenchmarkBarclays Convertible Bond > $500MM USD
CategoryCorporate
FocusConvertibles
Development LevelDeveloped Markets
RegionNorth America

Fund Statistics

Assets Under Management$4.43 billion
Average Daily Volume$1.02 million
Discount/Premium-0.43%

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 announced a monthly dividend on Monday, July 2nd. Shareholders of record on Tuesday, July 3rd will be given a dividend of $0.1158 per share on Monday, July 9th. This represents a $1.39 annualized dividend and a yield of 2.59%. The ex-dividend date of this dividend is Monday, July 2nd. This is a positive change from SPDR Bloomberg Barclays Convertible Securities ETF's previous monthly dividend of $0.09. View SPDR Bloomberg Barclays Convertible Securities ETF's Dividend History.

What price target have analysts set for CWB?

3 equities research analysts have issued 1 year price targets for SPDR Bloomberg Barclays Convertible Securities ETF's stock. Their forecasts range from $33.00 to $42.00. On average, they expect SPDR Bloomberg Barclays Convertible Securities ETF's stock price to reach $36.00 in the next twelve months. This suggests that the stock has a possible downside of 32.9%. View Analyst Ratings for SPDR Bloomberg Barclays Convertible Securities ETF.

What is the consensus analysts' recommendation for SPDR Bloomberg Barclays Convertible Securities ETF?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SPDR Bloomberg Barclays Convertible Securities ETF in the last year. There are currently 2 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold."

Are investors shorting SPDR Bloomberg Barclays Convertible Securities ETF?

SPDR Bloomberg Barclays Convertible Securities ETF saw a drop in short interest during the month of June. As of June 29th, there was short interest totalling 556,453 shares, a drop of 53.9% from the June 15th total of 1,205,830 shares. Based on an average daily trading volume, of 933,108 shares, the days-to-cover ratio is currently 0.6 days. View SPDR Bloomberg Barclays Convertible Securities ETF's Current Options Chain.

Has SPDR Bloomberg Barclays Convertible Securities ETF been receiving favorable news coverage?

News articles about CWB stock have trended somewhat positive on Monday, according to Accern. Accern identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. SPDR Bloomberg Barclays Convertible Securities ETF earned a media sentiment score of 0.15 on Accern's scale. They also gave news headlines about the exchange traded fund an impact score of 46.13 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

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 retail and institutional investors. Top institutional investors include Bank of Montreal Can (1.53%), Conservest Capital Advisors Inc. (0.99%), Polaris Greystone Financial Group LLC (0.94%), Howard Capital Management Inc. (0.55%), Columbus Macro LLC (0.42%) and Cornerstone Wealth Management LLC (0.32%). View Institutional Ownership Trends for SPDR Bloomberg Barclays Convertible Securities ETF.

Which institutional 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 Stonehearth Capital Management LLC, Columbus Macro LLC, James Investment Research Inc., Global Trust Asset Management LLC, Atria Investments LLC, Polaris Greystone Financial Group LLC, Boston Advisors LLC and Hengehold Capital Management LLC. View Insider Buying and Selling for SPDR Bloomberg Barclays Convertible Securities ETF.

Which institutional investors are buying SPDR Bloomberg Barclays Convertible Securities ETF stock?

CWB stock was acquired by a variety of institutional investors in the last quarter, including Conservest Capital Advisors Inc., Cornerstone Wealth Management LLC, Howard Capital Management Inc., Bank of Montreal Can, Bogart Wealth LLC, Bank of Stockton, Mycio Wealth Partners LLC and Beacon Capital Management Inc.. View Insider Buying and Selling for SPDR Bloomberg Barclays Convertible Securities ETF.

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, Scottrade, 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 $53.64.


MarketBeat Community Rating for SPDR Bloomberg Barclays Convertible Securities ETF (NYSEARCA CWB)

Community Ranking:  2.7 out of 5 (star star)
Outperform Votes:  70 (Vote Outperform)
Underperform Votes:  59 (Vote Underperform)
Total Votes:  129
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.
This page was last updated on 7/23/2018 by MarketBeat.com Staff

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