SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) shares 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.

SPDR Bloomberg Convertible Securities ETF Stock Down 0.2 %

The company has a fifty day moving average of $79.24 and a 200 day moving average of $78.39.

Institutional Trading of SPDR Bloomberg Convertible Securities ETF

Several large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 117.1% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 471 shares of the exchange traded fund’s stock valued at $37,000 after acquiring an additional 254 shares during the period. JPMorgan Chase & Co. boosted its position in shares of SPDR Bloomberg Convertible Securities ETF by 20.9% during the third quarter. JPMorgan Chase & Co. now owns 120,893 shares of the exchange traded fund’s stock worth $9,259,000 after acquiring an additional 20,878 shares during the last quarter. NewSquare Capital LLC purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF during the fourth quarter valued at about $7,275,000. SBI Securities Co. Ltd. purchased a new position in SPDR Bloomberg Convertible Securities ETF during the 4th quarter valued at approximately $152,000. Finally, Boyd Watterson Asset Management LLC OH purchased a new position in shares of SPDR Bloomberg Convertible Securities ETF in the fourth quarter valued at $27,000.

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.