SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Reaches New 12-Month High – Here’s What Happened

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 $80.13 and last traded at $80.13, with a volume of 31381 shares trading hands. The stock had previously closed at $79.54.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The firm has a 50-day moving average price of $76.37 and a 200-day moving average price of $73.77.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

Several hedge funds have recently made changes to their positions in CWB. Private Trust Co. NA lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 37.8% during 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 in the last quarter. Mount Lucas Management LP lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 3.0% in the third quarter. Mount Lucas Management LP now owns 35,946 shares of the exchange traded fund’s stock valued at $2,753,000 after acquiring an additional 1,046 shares during the period. Prime Capital Investment Advisors LLC lifted its holdings in SPDR Bloomberg Convertible Securities ETF by 30.3% in the third quarter. Prime Capital Investment Advisors LLC now owns 4,187 shares of the exchange traded fund’s stock valued at $321,000 after acquiring an additional 974 shares during the period. Sonata Capital Group Inc. bought a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at about $501,000. Finally, Highline Wealth Partners LLC bought a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at about $862,000.

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.