SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Unusually-High Trading Volume

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw unusually-strong trading volume on Friday . Approximately 961,627 shares traded hands during mid-day trading, an increase of 75% from the previous session’s volume of 550,351 shares.The stock last traded at $69.66 and had previously closed at $70.00.

SPDR Bloomberg Convertible Securities ETF Price Performance

The business’s 50-day moving average is $71.87 and its two-hundred day moving average is $69.98.

Institutional Investors Weigh In On SPDR Bloomberg Convertible Securities ETF

Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 74.5% in the first quarter. Ameriprise Financial Inc. now owns 1,048,670 shares of the exchange traded fund’s stock valued at $70,393,000 after purchasing an additional 447,824 shares during the last quarter. Goodman Advisory Group LLC bought a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter worth approximately $10,868,000. NewSquare Capital LLC grew its position in shares of SPDR Bloomberg Convertible Securities ETF by 349,106.3% in the third quarter. NewSquare Capital LLC now owns 111,746 shares of the exchange traded fund’s stock valued at $7,576,000 after purchasing an additional 111,714 shares during the last quarter. Toronto Dominion Bank acquired a new stake in SPDR Bloomberg Convertible Securities ETF during the 3rd quarter worth approximately $6,102,000. Finally, BNP Paribas Financial Markets bought a new stake in SPDR Bloomberg Convertible Securities ETF in the 4th quarter valued at $6,033,000.

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.