SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Hits New 52-Week High – Here’s What Happened

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) hit a new 52-week high on Thursday . The stock traded as high as $105.77 and last traded at $105.65, with a volume of 1639551 shares trading hands. The stock had previously closed at $103.90.

SPDR Bloomberg Convertible Securities ETF Stock Up 1.7%

The firm’s 50 day moving average price is $95.66 and its two-hundred day moving average price is $93.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CWB. Jane Street Group LLC boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 406.6% in the fourth quarter. Jane Street Group LLC now owns 548,444 shares of the exchange traded fund’s stock valued at $48,921,000 after purchasing an additional 440,188 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of SPDR Bloomberg Convertible Securities ETF by 76.1% in the third quarter. Ameriprise Financial Inc. now owns 802,532 shares of the exchange traded fund’s stock valued at $72,599,000 after purchasing an additional 346,925 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in SPDR Bloomberg Convertible Securities ETF by 37.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 899,734 shares of the exchange traded fund’s stock valued at $81,426,000 after acquiring an additional 244,707 shares in the last quarter. Horizon Investments LLC raised its holdings in SPDR Bloomberg Convertible Securities ETF by 254.9% in the third quarter. Horizon Investments LLC now owns 301,023 shares of the exchange traded fund’s stock valued at $27,182,000 after acquiring an additional 216,213 shares in the last quarter. Finally, Aegis Wealth Management Inc. acquired a new stake in SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $12,287,000.

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. 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.