Potomac Fund Management Inc. ADV Has $22.82 Million Holdings in SPDR Bloomberg Convertible Securities ETF $CWB

Potomac Fund Management Inc. ADV cut its position in shares of SPDR Bloomberg Convertible Securities ETF (NYSEARCA:CWB) by 45.6% in the fourth quarter, Holdings Channel reports. The firm owned 255,798 shares of the exchange traded fund’s stock after selling 214,240 shares during the period. SPDR Bloomberg Convertible Securities ETF accounts for 0.8% of Potomac Fund Management Inc. ADV’s investment portfolio, making the stock its 15th largest holding. Potomac Fund Management Inc. ADV’s holdings in SPDR Bloomberg Convertible Securities ETF were worth $22,817,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Stablepoint Partners LLC grew its stake in shares of SPDR Bloomberg Convertible Securities ETF by 1.2% in the 4th quarter. Stablepoint Partners LLC now owns 9,164 shares of the exchange traded fund’s stock valued at $817,000 after buying an additional 111 shares in the last quarter. Money Concepts Capital Corp raised its position in SPDR Bloomberg Convertible Securities ETF by 3.5% during the fourth quarter. Money Concepts Capital Corp now owns 3,343 shares of the exchange traded fund’s stock valued at $298,000 after acquiring an additional 112 shares in the last quarter. Intrust Bank NA raised its position in SPDR Bloomberg Convertible Securities ETF by 1.2% during the third quarter. Intrust Bank NA now owns 10,725 shares of the exchange traded fund’s stock valued at $971,000 after acquiring an additional 125 shares in the last quarter. Chicago Partners Investment Group LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 0.3% in the fourth quarter. Chicago Partners Investment Group LLC now owns 45,855 shares of the exchange traded fund’s stock valued at $4,305,000 after acquiring an additional 125 shares during the last quarter. Finally, Powell Investment Advisors LLC lifted its stake in SPDR Bloomberg Convertible Securities ETF by 0.4% in the fourth quarter. Powell Investment Advisors LLC now owns 30,662 shares of the exchange traded fund’s stock valued at $2,735,000 after acquiring an additional 133 shares during the last quarter.

SPDR Bloomberg Convertible Securities ETF Price Performance

CWB stock opened at $106.88 on Monday. The firm has a 50 day moving average of $102.70 and a two-hundred day moving average of $96.00. SPDR Bloomberg Convertible Securities ETF has a 12 month low of $80.00 and a 12 month high of $112.02.

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.