SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 1-Year High – Should You Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $106.74 and last traded at $106.72, with a volume of 511914 shares traded. The stock had previously closed at $106.04.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.5%

The stock has a fifty day moving average of $96.68 and a two-hundred day moving average of $93.63.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. High Point Wealth Management LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the 4th quarter worth $26,000. Arax Advisory Partners bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $36,000. Highline Wealth Partners LLC bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $39,000. Finally, Copia Wealth Management bought a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $43,000.

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. 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.