SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 52-Week High – Still a Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $93.04 and last traded at $92.77, with a volume of 250541 shares trading hands. The stock had previously closed at $92.12.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The business’s 50 day simple moving average is $87.20 and its 200 day simple moving average is $82.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. HF Advisory Group LLC increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 3.5% in the 3rd quarter. HF Advisory Group LLC now owns 31,488 shares of the exchange traded fund’s stock valued at $2,850,000 after purchasing an additional 1,076 shares in the last quarter. Caldwell Trust Co purchased a new position in SPDR Bloomberg Convertible Securities ETF in the second quarter valued at about $33,000. Total Investment Management Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at approximately $93,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $5,260,000. Finally, Cim LLC boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.8% during the 2nd quarter. Cim LLC now owns 43,267 shares of the exchange traded fund’s stock worth $3,576,000 after acquiring an additional 349 shares in the last quarter.

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.