SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 52-Week High – Time to Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $90.48 and last traded at $90.09, with a volume of 382379 shares changing hands. The stock had previously closed at $90.10.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The firm’s fifty day moving average is $86.15 and its 200 day moving average is $81.33.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several institutional investors have recently modified their holdings of CWB. Caldwell Trust Co acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at about $33,000. Total Investment Management Inc. purchased a new position in SPDR Bloomberg Convertible Securities ETF during the second quarter worth about $93,000. B. Riley Wealth Advisors Inc. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $5,260,000. Cim LLC increased its position in shares of SPDR Bloomberg Convertible Securities ETF by 0.8% during the 2nd quarter. Cim LLC now owns 43,267 shares of the exchange traded fund’s stock valued at $3,576,000 after purchasing an additional 349 shares during the last quarter. Finally, Goodman Advisory Group LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the second quarter valued at about $41,164,000.

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.