SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Large Volume Increase – Still a Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw an uptick in trading volume on Tuesday . 3,168,192 shares were traded during trading, an increase of 418% from the previous session’s volume of 611,443 shares.The stock last traded at $75.91 and had previously closed at $75.99.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The business has a 50-day moving average of $79.46 and a two-hundred day moving average of $78.28.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Anderson Financial Strategies LLC purchased a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at about $7,864,000. Ameriprise Financial Inc. increased its holdings in SPDR Bloomberg Convertible Securities ETF by 10.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,003,641 shares of the exchange traded fund’s stock valued at $78,177,000 after buying an additional 94,748 shares in the last quarter. NewSquare Capital LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at about $7,275,000. Finward Bancorp acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $5,969,000. Finally, AMJ Financial Wealth Management acquired a new position in SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth $3,999,000.

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.