SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) crossed 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 Stock Up 0.1 %

The company’s 50 day simple moving average is $79.25 and its 200 day simple moving average is $78.41.

Hedge Funds Weigh In On SPDR Bloomberg Convertible Securities ETF

A number of hedge funds have recently made changes to their positions in CWB. Ameriprise Financial Inc. lifted its holdings 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 valued at $78,177,000 after acquiring an additional 94,748 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 34.6% during the 4th quarter. JPMorgan Chase & Co. now owns 162,709 shares of the exchange traded fund’s stock valued at $12,673,000 after acquiring an additional 41,816 shares in the last quarter. Goodman Advisory Group LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 5.8% during the 4th quarter. Goodman Advisory Group LLC now owns 160,760 shares of the exchange traded fund’s stock valued at $12,522,000 after acquiring an additional 8,873 shares in the last quarter. Advisors Preferred LLC lifted its holdings in shares of SPDR Bloomberg Convertible Securities ETF by 36.4% during the 4th quarter. Advisors Preferred LLC now owns 111,625 shares of the exchange traded fund’s stock valued at $8,707,000 after acquiring an additional 29,759 shares in the last quarter. Finally, Anderson Financial Strategies LLC acquired a new position in shares of SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at $7,864,000.

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.