SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Large Volume Increase – Here’s Why

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw unusually-strong trading volume on Thursday . Approximately 720,774 shares changed hands during mid-day trading, an increase of 32% from the previous session’s volume of 546,599 shares.The stock last traded at $80.80 and had previously closed at $80.27.

SPDR Bloomberg Convertible Securities ETF Price Performance

The business has a 50-day moving average price of $77.10 and a two-hundred day moving average price of $74.12.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Duncan Williams Asset Management LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter valued at $395,000. First Heartland Consultants Inc. boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 49.7% during the second quarter. First Heartland Consultants Inc. now owns 5,622 shares of the exchange traded fund’s stock valued at $405,000 after acquiring an additional 1,867 shares during the last quarter. Burke & Herbert Bank & Trust Co. acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter valued at $273,000. Trust Co. of Vermont acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter valued at $119,000. Finally, Goodman Advisory Group LLC boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 16,007.9% during the second quarter. Goodman Advisory Group LLC now owns 154,153 shares of the exchange traded fund’s stock valued at $11,108,000 after acquiring an additional 153,196 shares during the last quarter.

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.