SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Large Volume Increase – What’s Next?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw an uptick in trading volume on Monday . 1,091,655 shares were traded during trading, an increase of 73% from the previous session’s volume of 629,215 shares.The stock last traded at $77.27 and had previously closed at $77.85.

SPDR Bloomberg Convertible Securities ETF Stock Up 1.2 %

The stock’s fifty day moving average price is $79.77 and its 200 day moving average price is $76.33.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

A number of large investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. raised its position in SPDR Bloomberg Convertible Securities ETF by 117.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 471 shares of the exchange traded fund’s stock valued at $37,000 after purchasing an additional 254 shares in the last quarter. Future Financial Wealth Managment LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at $77,000. Oakworth Capital Inc. bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at about $92,000. Trust Co. of Vermont purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter worth about $119,000. Finally, Eastern Bank purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter worth about $123,000.

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.