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

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) saw an uptick in trading volume on Wednesday . 1,244,064 shares traded hands during mid-day trading, an increase of 116% from the previous session’s volume of 574,701 shares.The stock last traded at $92.74 and had previously closed at $91.50.

SPDR Bloomberg Convertible Securities ETF Stock Performance

The firm has a 50-day moving average of $90.37 and a 200 day moving average of $84.85.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. M3 Advisory Group LLC increased its holdings in SPDR Bloomberg Convertible Securities ETF by 1.7% during the second quarter. M3 Advisory Group LLC now owns 10,267 shares of the exchange traded fund’s stock valued at $849,000 after buying an additional 167 shares during the period. Elevation Capital Advisory LLC acquired a new stake in shares of SPDR Bloomberg Convertible Securities ETF during the second quarter worth $3,112,000. ST Germain D J Co. Inc. raised its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 73.7% during the second quarter. ST Germain D J Co. Inc. now owns 2,143 shares of the exchange traded fund’s stock worth $177,000 after purchasing an additional 909 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in shares of SPDR Bloomberg Convertible Securities ETF by 0.6% during the 2nd quarter. Janney Montgomery Scott LLC now owns 156,413 shares of the exchange traded fund’s stock worth $12,929,000 after buying an additional 934 shares during the period. Finally, Almanack Investment Partners LLC. purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the second quarter valued at approximately $377,000.

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.