SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Unusually-High Trading Volume – Here’s What Happened

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw an uptick in trading volume on Wednesday . 795,473 shares changed hands during mid-day trading, an increase of 42% from the previous session’s volume of 561,145 shares.The stock last traded at $81.43 and had previously closed at $81.28.

SPDR Bloomberg Convertible Securities ETF Price Performance

The company has a 50-day simple moving average of $77.89 and a two-hundred day simple moving average of $74.50.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CWB. EverSource Wealth Advisors LLC increased its holdings in SPDR Bloomberg Convertible Securities ETF by 291.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 380 shares of the exchange traded fund’s stock valued at $27,000 after purchasing an additional 283 shares during the period. ORG Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at approximately $53,000. Future Financial Wealth Managment LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $77,000. Oakworth Capital Inc. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at approximately $92,000. Finally, Trust Co. of Vermont purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter worth $119,000.

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.