SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 12-Month High – Here’s What Happened

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $107.09 and last traded at $107.00, with a volume of 62577 shares trading hands. The stock had previously closed at $105.65.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The firm has a 50-day moving average price of $98.55 and a 200-day moving average price of $94.28.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in SPDR Bloomberg Convertible Securities ETF by 1.0% during the first quarter. Bank of America Corp DE now owns 2,654,014 shares of the exchange traded fund’s stock valued at $242,895,000 after purchasing an additional 26,717 shares during the period. LPL Financial LLC grew its holdings in SPDR Bloomberg Convertible Securities ETF by 2.3% during the fourth quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after purchasing an additional 35,217 shares during the period. Wells Fargo & Company MN grew its holdings in SPDR Bloomberg Convertible Securities ETF by 3.4% during the fourth quarter. Wells Fargo & Company MN now owns 1,483,024 shares of the exchange traded fund’s stock valued at $132,286,000 after purchasing an additional 48,840 shares during the period. Bessemer Group Inc. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 7.4% during the first quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after purchasing an additional 83,758 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in SPDR Bloomberg Convertible Securities ETF by 15.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock valued at $92,957,000 after purchasing an additional 142,387 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.