SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Reaches New 52-Week High – Here’s Why

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares hit a new 52-week high during trading on Monday . The company traded as high as $81.77 and last traded at $81.60, with a volume of 83385 shares traded. The stock had previously closed at $81.12.

SPDR Bloomberg Convertible Securities ETF Price Performance

The firm has a 50 day moving average price of $77.51 and a 200 day moving average price of $74.34.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

A number of hedge funds and other institutional investors have recently modified their holdings of CWB. EverSource Wealth Advisors LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 291.8% during the first quarter. EverSource Wealth Advisors LLC now owns 380 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 283 shares in the last quarter. ORG Partners LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at approximately $53,000. Future Financial Wealth Managment LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at approximately $77,000. Oakworth Capital Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $92,000. Finally, Trust Co. of Vermont purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth $119,000.

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.