SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sets New 12-Month High – Still a Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares reached a new 52-week high during trading on Monday . The company traded as high as $100.92 and last traded at $100.89, with a volume of 747012 shares trading hands. The stock had previously closed at $100.51.

SPDR Bloomberg Convertible Securities ETF Price Performance

The stock’s 50-day moving average is $94.42 and its 200 day moving average is $92.60.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Large investors have recently made changes to their positions in the company. High Point Wealth Management LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth about $26,000. Arax Advisory Partners bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth about $30,000. Mather Group LLC. bought a new position in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth about $35,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth about $36,000. Finally, Highline Wealth Partners LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth about $39,000.

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. Convertible Bond >$500MM Index (the Index), the Fund employs a sampling strategy, which means that the Fund is not required to purchase all of the securities represented in the Index.