SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sets New 12-Month High – Here’s Why

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

SPDR Bloomberg Convertible Securities ETF Stock Performance

The firm has a 50 day simple moving average of $93.47 and a 200-day simple moving average of $92.03.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CWB. High Point Wealth Management LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $26,000. Arax Advisory Partners acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $30,000. Caldwell Trust Co acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the second quarter worth $33,000. Mather Group LLC. acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter worth $35,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the fourth 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.