SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Strong Trading Volume – What’s Next?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw strong trading volume on Wednesday . 795,473 shares were traded during mid-day trading, an increase of 42% from the previous session’s volume of 561,145 shares.The stock last traded at $81.43 and had previously closed at $81.28.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The company’s 50 day moving average price is $77.64 and its two-hundred day moving average price is $74.40.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of large investors have recently bought and sold shares of CWB. Goodman Advisory Group LLC boosted its position in SPDR Bloomberg Convertible Securities ETF by 16,007.9% in the 2nd quarter. Goodman Advisory Group LLC now owns 154,153 shares of the exchange traded fund’s stock valued at $11,108,000 after buying an additional 153,196 shares during the period. Arkos Global Advisors raised its position in SPDR Bloomberg Convertible Securities ETF by 2.1% during the 2nd quarter. Arkos Global Advisors now owns 70,130 shares of the exchange traded fund’s stock worth $5,054,000 after buying an additional 1,442 shares during the last quarter. Mount Lucas Management LP lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 3.0% in the 3rd quarter. Mount Lucas Management LP now owns 35,946 shares of the exchange traded fund’s stock worth $2,753,000 after acquiring an additional 1,046 shares during the period. Kingswood Wealth Advisors LLC lifted its position in SPDR Bloomberg Convertible Securities ETF by 97.0% in the second quarter. Kingswood Wealth Advisors LLC now owns 12,404 shares of the exchange traded fund’s stock valued at $894,000 after purchasing an additional 6,109 shares during the period. Finally, Highline Wealth Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter worth $862,000.

About SPDR Bloomberg Convertible Securities ETF

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.