SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sets New 1-Year High – Time to Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares reached a new 52-week high on Wednesday . The stock traded as high as $78.91 and last traded at $78.14, with a volume of 17758 shares traded. The stock had previously closed at $77.45.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The firm’s 50 day moving average is $76.04 and its two-hundred day moving average is $73.54.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Large investors have recently made changes to their positions in the company. Advisors Preferred LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 263.8% during the first quarter. Advisors Preferred LLC now owns 200,560 shares of the exchange traded fund’s stock valued at $14,597,000 after buying an additional 145,433 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 291.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 380 shares of the exchange traded fund’s stock worth $27,000 after purchasing an additional 283 shares during the period. Kingswood Wealth Advisors LLC boosted its stake in SPDR Bloomberg Convertible Securities ETF by 97.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,404 shares of the exchange traded fund’s stock worth $894,000 after purchasing an additional 6,109 shares during the period. Burke & Herbert Bank & Trust Co. acquired a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth approximately $273,000. Finally, ORG Partners LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 2nd quarter valued at $53,000.

About SPDR Bloomberg Convertible Securities ETF

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.