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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw unusually-high trading volume on Monday . Approximately 1,091,655 shares were traded during trading, an increase of 73% from the previous session’s volume of 629,215 shares.The stock last traded at $77.27 and had previously closed at $77.85.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The firm has a 50 day moving average price of $79.74 and a 200 day moving average price of $76.26.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Institutional investors have recently made changes to their positions in the company. Future Financial Wealth Managment LLC bought a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $77,000. Oakworth Capital Inc. bought a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $92,000. Trust Co. of Vermont bought a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $119,000. Eastern Bank bought a new stake in SPDR Bloomberg Convertible Securities ETF during the third quarter valued at about $123,000. Finally, Concourse Financial Group Securities Inc. boosted its position in SPDR Bloomberg Convertible Securities ETF by 106.6% during the third quarter. Concourse Financial Group Securities Inc. now owns 1,907 shares of the exchange traded fund’s stock valued at $146,000 after purchasing an additional 984 shares in the last quarter.

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.