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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares saw unusually-strong trading volume on Thursday . Approximately 720,774 shares traded hands during trading, an increase of 32% from the previous session’s volume of 546,599 shares.The stock last traded at $80.80 and had previously closed at $80.27.

SPDR Bloomberg Convertible Securities ETF Price Performance

The company’s 50-day moving average is $77.23 and its 200 day moving average is $74.16.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dorsey Wright & Associates purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at $571,000. Private Trust Co. NA boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 37.8% in the third quarter. Private Trust Co. NA now owns 5,677 shares of the exchange traded fund’s stock valued at $435,000 after purchasing an additional 1,558 shares during the last quarter. Mount Lucas Management LP grew its position in SPDR Bloomberg Convertible Securities ETF by 3.0% during the 3rd quarter. Mount Lucas Management LP now owns 35,946 shares of the exchange traded fund’s stock worth $2,753,000 after purchasing an additional 1,046 shares during the period. Prime Capital Investment Advisors LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 30.3% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 4,187 shares of the exchange traded fund’s stock valued at $321,000 after buying an additional 974 shares during the last quarter. Finally, Sonata Capital Group Inc. acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $501,000.

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.