SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 12-Month High – Here’s What Happened

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $107.09 and last traded at $107.00, with a volume of 62577 shares traded. The stock had previously closed at $105.65.

SPDR Bloomberg Convertible Securities ETF Trading Up 1.1%

The business’s 50-day simple moving average is $98.55 and its two-hundred day simple moving average is $94.28.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

A number of institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.0% during the 1st quarter. Bank of America Corp DE now owns 2,654,014 shares of the exchange traded fund’s stock valued at $242,895,000 after buying an additional 26,717 shares in the last quarter. LPL Financial LLC lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 2.3% during the 4th quarter. LPL Financial LLC now owns 1,578,806 shares of the exchange traded fund’s stock valued at $140,830,000 after buying an additional 35,217 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 3.4% during the 4th quarter. Wells Fargo & Company MN now owns 1,483,024 shares of the exchange traded fund’s stock valued at $132,286,000 after buying an additional 48,840 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 7.4% during the 1st quarter. Bessemer Group Inc. now owns 1,215,879 shares of the exchange traded fund’s stock valued at $111,278,000 after buying an additional 83,758 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 15.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,042,121 shares of the exchange traded fund’s stock valued at $92,957,000 after buying an additional 142,387 shares in the last quarter.

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.