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

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) hit a new 52-week high during trading on Monday . The stock traded as high as $77.60 and last traded at $77.55, with a volume of 9616 shares traded. The stock had previously closed at $77.45.

SPDR Bloomberg Convertible Securities ETF Price Performance

The stock’s 50 day simple moving average is $74.55 and its two-hundred day simple moving average is $72.85.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CWB. Concourse Financial Group Securities Inc. lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 106.6% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock valued at $146,000 after buying an additional 984 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $77,000. Duncan Williams Asset Management LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter valued at $395,000. Goodman Advisory Group LLC lifted its position in shares of SPDR Bloomberg Convertible Securities ETF by 16,007.9% during the second quarter. Goodman Advisory Group LLC now owns 154,153 shares of the exchange traded fund’s stock worth $11,108,000 after acquiring an additional 153,196 shares in the last quarter. Finally, Arkos Global Advisors boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 2.1% in the second quarter. Arkos Global Advisors now owns 70,130 shares of the exchange traded fund’s stock worth $5,054,000 after acquiring an additional 1,442 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.