SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Unusually-High Trading Volume – Still a Buy?

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw an uptick in trading volume on Wednesday. 2,985,921 shares changed hands during mid-day trading, an increase of 236% from the average daily volume of 889,198 shares. The stock last traded at $93.6350 and had previously closed at $93.64.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The business has a fifty day simple moving average of $99.54 and a two-hundred day simple moving average of $100.10.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CWB. Powell Investment Advisors LLC boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.3% in the 3rd quarter. Powell Investment Advisors LLC now owns 30,423 shares of the exchange traded fund’s stock valued at $3,078,000 after purchasing an additional 106 shares during the last quarter. HB Wealth Management LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.1% during the second quarter. HB Wealth Management LLC now owns 10,414 shares of the exchange traded fund’s stock worth $1,123,000 after buying an additional 110 shares during the last quarter. TFB Advisors LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 2.5% during the third quarter. TFB Advisors LLC now owns 6,169 shares of the exchange traded fund’s stock worth $624,000 after buying an additional 151 shares during the last quarter. Schwallier Wealth Management LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 6.9% in the third quarter. Schwallier Wealth Management LLC now owns 3,374 shares of the exchange traded fund’s stock valued at $341,000 after acquiring an additional 217 shares during the last quarter. Finally, Balefire LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 8.0% in the first quarter. Balefire LLC now owns 3,598 shares of the exchange traded fund’s stock valued at $329,000 after acquiring an additional 266 shares during 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. 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.