SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sets New 52-Week High – Here’s Why

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $95.05 and last traded at $94.91, with a volume of 220771 shares changing hands. The stock had previously closed at $93.70.

SPDR Bloomberg Convertible Securities ETF Price Performance

The company has a 50-day moving average price of $90.80 and a 200 day moving average price of $89.29.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Institutional investors have recently modified their holdings of the company. Boyd Watterson Asset Management LLC OH purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the second quarter valued at approximately $26,000. First Command Advisory Services Inc. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth $29,000. Caldwell Trust Co purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at $33,000. Mather Group LLC. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth $35,000. Finally, Proffitt & Goodson Inc. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth $36,000.

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.