SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $102.92 and traded as high as $103.10. SPDR Bloomberg Convertible Securities ETF shares last traded at $102.92, with a volume of 245,398 shares changing hands.

SPDR Bloomberg Convertible Securities ETF Price Performance

The business has a 50-day moving average of $102.88 and a 200 day moving average of $102.03.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several large investors have recently bought and sold shares of the business. HB Wealth Management LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 1.1% in the 2nd quarter. HB Wealth Management LLC now owns 10,414 shares of the exchange traded fund’s stock valued at $1,123,000 after acquiring an additional 110 shares during the last quarter. Balefire LLC increased its stake in SPDR Bloomberg Convertible Securities ETF by 8.0% during the first quarter. Balefire LLC now owns 3,598 shares of the exchange traded fund’s stock worth $329,000 after acquiring an additional 266 shares during the last quarter. Nilsine Partners LLC lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.8% in the 2nd quarter. Nilsine Partners LLC now owns 38,128 shares of the exchange traded fund’s stock valued at $4,111,000 after purchasing an additional 306 shares during the last quarter. Sage Rhino Capital LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 2.8% in the 1st quarter. Sage Rhino Capital LLC now owns 11,561 shares of the exchange traded fund’s stock worth $1,058,000 after purchasing an additional 310 shares during the period. Finally, Certified Advisory Corp boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 6.6% in the 1st quarter. Certified Advisory Corp now owns 5,191 shares of the exchange traded fund’s stock worth $475,000 after purchasing an additional 323 shares during the period.

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.