SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Large Volume Increase

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares saw strong trading volume on Friday . 560,192 shares traded hands during mid-day trading, an increase of 1% from the previous session’s volume of 552,417 shares.The stock last traded at $71.16 and had previously closed at $70.57.

SPDR Bloomberg Convertible Securities ETF Price Performance

The company has a 50 day moving average of $71.62 and a 200 day moving average of $70.27.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Several hedge funds have recently modified their holdings of the stock. ICA Group Wealth Management LLC acquired a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $31,000. Baystate Wealth Management LLC grew its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 124.5% during the 4th quarter. Baystate Wealth Management LLC now owns 907 shares of the exchange traded fund’s stock worth $65,000 after purchasing an additional 503 shares during the period. Burns J W & Co. Inc. NY increased its position in SPDR Bloomberg Convertible Securities ETF by 2.8% during the 1st quarter. Burns J W & Co. Inc. NY now owns 21,065 shares of the exchange traded fund’s stock worth $1,539,000 after purchasing an additional 565 shares in the last quarter. ORG Partners LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $50,000. Finally, Archer Investment Corp purchased a new position in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $59,000.

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.