SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sets New 1-Year High at $76.73

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $76.73 and last traded at $76.68, with a volume of 269877 shares. The stock had previously closed at $76.59.

SPDR Bloomberg Convertible Securities ETF Price Performance

The stock has a 50-day moving average price of $73.59 and a 200 day moving average price of $72.49.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several hedge funds have recently modified their holdings of CWB. EverSource Wealth Advisors LLC boosted its holdings in SPDR Bloomberg Convertible Securities ETF by 291.8% in 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. ICA Group Wealth Management LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth about $31,000. ORG Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth about $53,000. Future Financial Wealth Managment LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 1st quarter valued at about $73,000. Finally, Waterloo Capital L.P. acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $232,000.

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.