Cumberland Advisors Inc. Has $27.65 Million Position in SPDR S&P MidCap 400 ETF Trust (MDY)

Cumberland Advisors Inc. lifted its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 80,047 shares of the exchange traded fund’s stock after acquiring an additional 3,665 shares during the period. SPDR S&P MidCap 400 ETF Trust makes up approximately 9.6% of Cumberland Advisors Inc.’s portfolio, making the stock its biggest position. Cumberland Advisors Inc. owned approximately 0.14% of SPDR S&P MidCap 400 ETF Trust worth $27,648,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Murphy Pohlad Asset Management LLC acquired a new position in SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $26,000. Private Ocean LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 93.0% in the 4th quarter. Private Ocean LLC now owns 193 shares of the exchange traded fund’s stock worth $58,000 after buying an additional 93 shares during the last quarter. Essex Savings Bank purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $61,000. Doyle Wealth Management purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust in the 4th quarter worth approximately $61,000. Finally, Tortoise Investment Management LLC boosted its stake in shares of SPDR S&P MidCap 400 ETF Trust by 83.9% in the 3rd quarter. Tortoise Investment Management LLC now owns 252 shares of the exchange traded fund’s stock worth $93,000 after buying an additional 115 shares during the last quarter.

Shares of NYSEARCA MDY opened at $360.21 on Thursday. SPDR S&P MidCap 400 ETF Trust has a twelve month low of $284.45 and a twelve month high of $374.10.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 30th. Investors of record on Monday, March 18th will be issued a $0.8844 dividend. The ex-dividend date of this dividend is Friday, March 15th. This represents a $3.54 dividend on an annualized basis and a dividend yield of 0.98%.

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SPDR S&P MidCap 400 ETF Trust Profile

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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