SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 52-Week High – Here’s What Happened

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $105.77 and last traded at $105.65, with a volume of 1639551 shares trading hands. The stock had previously closed at $103.90.

SPDR Bloomberg Convertible Securities ETF Stock Up 1.7%

The firm’s fifty day moving average is $95.66 and its 200-day moving average is $93.16.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several institutional investors have recently added to or reduced their stakes in CWB. Win Advisors Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth $919,000. Alliance Wealth Advisors LLC UT acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth $1,096,000. Arrow Investment Advisors LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth $1,188,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 12.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,782 shares of the exchange traded fund’s stock worth $5,065,000 after purchasing an additional 6,322 shares during the period. Finally, Commonwealth Equity Services LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 4.3% during the third quarter. Commonwealth Equity Services LLC now owns 252,425 shares of the exchange traded fund’s stock worth $22,845,000 after purchasing an additional 10,483 shares during the period.

SPDR Bloomberg 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. 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.