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

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw unusually-strong trading volume on Wednesday . Approximately 874,965 shares changed hands during mid-day trading, an increase of 31% from the previous session’s volume of 668,586 shares.The stock last traded at $93.28 and had previously closed at $93.34.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The business has a 50-day moving average price of $90.29 and a 200-day moving average price of $88.61.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several institutional investors have recently modified their holdings of the stock. First National Corp MA ADV lifted its stake in SPDR Bloomberg Convertible Securities ETF by 0.7% in the 2nd quarter. First National Corp MA ADV now owns 30,183 shares of the exchange traded fund’s stock valued at $2,495,000 after buying an additional 217 shares in the last quarter. Key Client Fiduciary Advisors LLC purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth approximately $205,000. Lifestyle Asset Management Inc. raised its stake in SPDR Bloomberg Convertible Securities ETF by 11.3% in the 2nd quarter. Lifestyle Asset Management Inc. now owns 114,878 shares of the exchange traded fund’s stock valued at $9,496,000 after purchasing an additional 11,649 shares during the last quarter. Focus Financial Network Inc. raised its stake in SPDR Bloomberg Convertible Securities ETF by 2.5% in the 2nd quarter. Focus Financial Network Inc. now owns 33,973 shares of the exchange traded fund’s stock valued at $2,808,000 after purchasing an additional 820 shares during the last quarter. Finally, Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter valued at $50,000.

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.