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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw strong trading volume on Monday . 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 stock has a 50-day moving average price of $79.74 and a two-hundred day moving average price of $76.26.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Future Financial Wealth Managment LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $77,000. Oakworth Capital Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter worth approximately $92,000. Trust Co. of Vermont purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $119,000. Eastern Bank purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $123,000. Finally, Concourse Financial Group Securities Inc. raised its holdings 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 worth $146,000 after acquiring an additional 984 shares in the last quarter.

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.