Cumberland Advisors Inc. Grows Holdings in SPDR S&P MidCap 400 ETF Trust (MDY)

Cumberland Advisors Inc. grew its position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 80,047 shares of the exchange traded fund’s stock after purchasing an additional 3,665 shares during the quarter. SPDR S&P MidCap 400 ETF Trust comprises approximately 9.6% of Cumberland Advisors Inc.’s investment portfolio, making the stock its biggest holding. Cumberland Advisors Inc. owned about 0.14% of SPDR S&P MidCap 400 ETF Trust worth $27,648,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MDY. Hoylecohen LLC raised its position in shares of SPDR S&P MidCap 400 ETF Trust by 0.6% in the fourth quarter. Hoylecohen LLC now owns 5,233 shares of the exchange traded fund’s stock worth $1,584,000 after acquiring an additional 30 shares during the period. WealthPLAN Partners LLC grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 2.9% in the 4th quarter. WealthPLAN Partners LLC now owns 1,085 shares of the exchange traded fund’s stock valued at $378,000 after buying an additional 31 shares during the period. Howard Capital Management grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 4.8% in the 4th quarter. Howard Capital Management now owns 865 shares of the exchange traded fund’s stock valued at $262,000 after buying an additional 40 shares during the period. Spinnaker Trust grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 0.7% in the 4th quarter. Spinnaker Trust now owns 5,880 shares of the exchange traded fund’s stock valued at $1,779,000 after buying an additional 41 shares during the period. Finally, Duncker Streett & Co. Inc. grew its stake in shares of SPDR S&P MidCap 400 ETF Trust by 2.0% in the 4th quarter. Duncker Streett & Co. Inc. now owns 2,192 shares of the exchange traded fund’s stock valued at $663,000 after buying an additional 42 shares during the period.

Shares of MDY stock traded down $1.24 during trading hours on Wednesday, hitting $356.47. The company had a trading volume of 32,626 shares, compared to its average volume of 1,127,733. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $284.45 and a fifty-two week high of $374.10.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 30th. Shareholders of record on Monday, March 18th will be issued a dividend of $0.8844 per share. The ex-dividend date is Friday, March 15th. This represents a $3.54 dividend on an annualized basis and a yield of 0.99%.

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About SPDR S&P MidCap 400 ETF Trust

SPDR S&P MidCap 400 ETF is an exchange traded fund. SPDR MidCap 400 Trust focuses to correspond to the price and yield performance of the S&P MidCap 400 Index. The S&P MidCap 400 covers over 7% of the United States equities market, and is part of a series of S&P the United States indices. The index also includes companies, which should have four consecutive quarters of positive as-reported earnings, excluding discontinued operations and extraordinary items.

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Institutional Ownership by Quarter for SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

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