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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s stock price reached a new 52-week high on Monday . The stock traded as high as $77.85 and last traded at $77.84, with a volume of 64905 shares trading hands. The stock had previously closed at $77.18.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.7 %

The business’s 50 day moving average price is $75.37 and its two-hundred day moving average price is $73.14.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of institutional investors and hedge funds have recently bought and sold shares of CWB. EverSource Wealth Advisors LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 291.8% during the first 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 acquired a new position in SPDR Bloomberg Convertible Securities ETF during the 2nd quarter worth about $53,000. Future Financial Wealth Managment LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at about $77,000. Oakworth Capital Inc. bought a new stake in shares of 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 third 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.