SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 12-Month High – Time to Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) reached a new 52-week high during trading on Wednesday . The company traded as high as $80.13 and last traded at $80.13, with a volume of 31381 shares changing hands. The stock had previously closed at $79.54.

SPDR Bloomberg Convertible Securities ETF Trading Down 0.7 %

The business’s 50-day simple moving average is $76.60 and its 200 day simple moving average is $73.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 291.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 380 shares of the exchange traded fund’s stock worth $27,000 after buying an additional 283 shares during the last quarter. ORG Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth approximately $53,000. Future Financial Wealth Managment LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $77,000. Oakworth Capital Inc. purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $92,000. Finally, Trust Co. of Vermont purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $119,000.

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.