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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares saw unusually-strong trading volume on Wednesday . Approximately 795,473 shares were traded during 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 Up 0.4 %

The company’s 50 day simple moving average is $77.64 and its 200 day simple moving average is $74.40.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Several institutional investors and hedge funds have recently bought and sold shares of CWB. EverSource Wealth Advisors LLC grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 291.8% during the 1st 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 during the period. Kingswood Wealth Advisors LLC increased its holdings in SPDR Bloomberg Convertible Securities ETF by 97.0% in the 2nd 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 in the last quarter. Burke & Herbert Bank & Trust Co. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at about $273,000. ORG Partners LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth approximately $53,000. Finally, First Heartland Consultants Inc. grew its position in SPDR Bloomberg Convertible Securities ETF by 49.7% in the second quarter. First Heartland Consultants Inc. now owns 5,622 shares of the exchange traded fund’s stock valued at $405,000 after acquiring an additional 1,867 shares in the last quarter.

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.