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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s share price hit a new 52-week high during mid-day trading 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 company has a 50-day moving average of $76.04 and a 200-day moving average of $73.54.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CWB. EverSource Wealth Advisors LLC raised its holdings 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 valued at $27,000 after acquiring an additional 283 shares during the last quarter. ORG Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $53,000. Future Financial Wealth Managment LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $77,000. Oakworth Capital Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $92,000. Finally, Trust Co. of Vermont acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $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.