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

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw an uptick in trading volume on Thursday . 1,889,355 shares were traded during trading, an increase of 209% from the previous session’s volume of 612,184 shares.The stock last traded at $78.27 and had previously closed at $78.56.

SPDR Bloomberg Convertible Securities ETF Stock Up 1.2 %

The business’s 50 day moving average price is $79.35 and its two-hundred day moving average price is $75.47.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dorsey Wright & Associates acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the third quarter worth $571,000. Private Trust Co. NA boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 37.8% in the third quarter. Private Trust Co. NA now owns 5,677 shares of the exchange traded fund’s stock worth $435,000 after buying an additional 1,558 shares during the period. Mount Lucas Management LP boosted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 3.0% in the third quarter. Mount Lucas Management LP now owns 35,946 shares of the exchange traded fund’s stock worth $2,753,000 after buying an additional 1,046 shares during the period. Prime Capital Investment Advisors LLC raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 30.3% during the third quarter. Prime Capital Investment Advisors LLC now owns 4,187 shares of the exchange traded fund’s stock valued at $321,000 after acquiring an additional 974 shares during the period. Finally, Sonata Capital Group Inc. purchased a new stake in shares of SPDR Bloomberg Convertible Securities ETF in the 3rd quarter valued at approximately $501,000.

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.