SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 1-Year High – Here’s What Happened

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $105.77 and last traded at $105.65, with a volume of 1639551 shares changing hands. The stock had previously closed at $103.90.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.4%

The stock has a fifty day moving average price of $95.85 and a 200-day moving average price of $93.25.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

A number of hedge funds have recently modified their holdings of the business. Stablepoint Partners LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% in the fourth quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock worth $817,000 after purchasing an additional 111 shares in the last quarter. Money Concepts Capital Corp lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 3.5% in the fourth quarter. Money Concepts Capital Corp now owns 3,343 shares of the exchange traded fund’s stock worth $298,000 after purchasing an additional 112 shares in the last quarter. Intrust Bank NA lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% in the third quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock worth $971,000 after purchasing an additional 125 shares in the last quarter. Chicago Partners Investment Group LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 45,855 shares of the exchange traded fund’s stock worth $4,305,000 after purchasing an additional 125 shares in the last quarter. Finally, Absolute Capital Management LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 4.5% in the third quarter. Absolute Capital Management LLC now owns 3,064 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 132 shares in the last quarter.

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.