SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sets New 1-Year High – Time to Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.91 and last traded at $78.14, with a volume of 17758 shares traded. The stock had previously closed at $77.45.

SPDR Bloomberg Convertible Securities ETF Trading Up 1.0 %

The business has a fifty day moving average price of $75.86 and a two-hundred day moving average price of $73.47.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in CWB. EverSource Wealth Advisors LLC boosted its stake 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 acquiring an additional 283 shares in the last quarter. ORG Partners LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth approximately $53,000. Prime Capital Investment Advisors LLC increased its stake in SPDR Bloomberg Convertible Securities ETF by 30.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,187 shares of the exchange traded fund’s stock valued at $321,000 after purchasing an additional 974 shares during the last quarter. Concourse Financial Group Securities Inc. raised its stake in SPDR Bloomberg Convertible Securities ETF by 106.6% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock worth $146,000 after acquiring an additional 984 shares during the period. Finally, Future Financial Wealth Managment LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth about $77,000.

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.