SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 52-Week High – What’s Next?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $96.58 and last traded at $96.16, with a volume of 177277 shares. The stock had previously closed at $93.84.

SPDR Bloomberg Convertible Securities ETF Trading Up 1.8%

The company has a 50 day moving average of $93.47 and a 200 day moving average of $92.03.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CWB. Fisher Asset Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth $242,000. Cary Street Partners Financial LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $380,000. Qube Research & Technologies Ltd lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 66.4% during the 2nd quarter. Qube Research & Technologies Ltd now owns 4,913 shares of the exchange traded fund’s stock worth $406,000 after buying an additional 1,961 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 374.1% during the 2nd quarter. NewEdge Advisors LLC now owns 50,337 shares of the exchange traded fund’s stock worth $4,161,000 after buying an additional 39,719 shares during the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $216,000.

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. 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.