SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB – Get Free Report)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $78.39 and traded as low as $77.73. SPDR Bloomberg Convertible Securities ETF shares last traded at $77.86, with a volume of 420,655 shares traded.
SPDR Bloomberg Convertible Securities ETF Trading Up 0.1 %
The firm’s 50 day moving average price is $79.25 and its two-hundred day moving average price is $78.41.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in CWB. Anderson Financial Strategies LLC purchased a new position in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at about $7,864,000. Ameriprise Financial Inc. increased its stake in shares of SPDR Bloomberg Convertible Securities ETF by 10.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,003,641 shares of the exchange traded fund’s stock worth $78,177,000 after purchasing an additional 94,748 shares in the last quarter. NewSquare Capital LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $7,275,000. Finward Bancorp purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $5,969,000. Finally, AMJ Financial Wealth Management purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter worth approximately $3,999,000.
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.
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