SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Reaches New 52-Week High – Should You Buy?

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) reached a new 52-week high on Monday . The stock traded as high as $81.77 and last traded at $81.60, with a volume of 83385 shares trading hands. The stock had previously closed at $81.12.

SPDR Bloomberg Convertible Securities ETF Trading Up 0.6 %

The stock’s fifty day simple moving average is $77.37 and its two-hundred day simple moving average is $74.27.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of CWB. EverSource Wealth Advisors LLC boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 291.8% during the first quarter. EverSource Wealth Advisors LLC now owns 380 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 283 shares during the period. Kingswood Wealth Advisors LLC grew its position in SPDR Bloomberg Convertible Securities ETF by 97.0% in the 2nd quarter. Kingswood Wealth Advisors LLC now owns 12,404 shares of the exchange traded fund’s stock worth $894,000 after purchasing an additional 6,109 shares during the last quarter. Burke & Herbert Bank & Trust Co. bought a new position in SPDR Bloomberg Convertible Securities ETF in the 2nd quarter worth about $273,000. ORG Partners LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $53,000. Finally, First Heartland Consultants Inc. raised its holdings 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 buying an additional 1,867 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.