SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Sees Strong Trading Volume – Should You Buy?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw unusually-high trading volume on Wednesday . Approximately 795,473 shares changed hands during trading, an increase of 42% from the previous session’s volume of 561,145 shares.The stock last traded at $81.43 and had previously closed at $81.28.

SPDR Bloomberg Convertible Securities ETF Stock Up 0.3 %

The firm has a 50 day simple moving average of $77.89 and a 200 day simple moving average of $74.50.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of large investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its position in 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 worth $27,000 after buying an additional 283 shares in the last quarter. ORG Partners LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth about $53,000. Future Financial Wealth Managment LLC bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth approximately $77,000. Oakworth Capital Inc. bought a new position in shares of SPDR Bloomberg Convertible Securities ETF in the third quarter worth approximately $92,000. Finally, Trust Co. of Vermont purchased a new stake in SPDR Bloomberg Convertible Securities ETF in the third quarter valued at approximately $119,000.

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.