Cumberland Advisors Inc. Has $24.96 Million Position in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Cumberland Advisors Inc. boosted its stake in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.1% in the 1st quarter, Holdings Channel reports. The firm owned 44,867 shares of the exchange traded fund’s stock after acquiring an additional 943 shares during the quarter. SPDR S&P MidCap 400 ETF Trust accounts for approximately 9.3% of Cumberland Advisors Inc.’s portfolio, making the stock its 3rd largest position. Cumberland Advisors Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $24,964,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently modified their holdings of the business. West Branch Capital LLC purchased a new position in shares of SPDR S&P MidCap 400 ETF Trust during the 4th quarter valued at about $25,000. Hazlett Burt & Watson Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust by 111.1% during the fourth quarter. Hazlett Burt & Watson Inc. now owns 57 shares of the exchange traded fund’s stock valued at $29,000 after purchasing an additional 30 shares in the last quarter. Bruce G. Allen Investments LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $44,000. Anchor Investment Management LLC bought a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the fourth quarter valued at approximately $51,000. Finally, Security National Bank bought a new stake in SPDR S&P MidCap 400 ETF Trust in the fourth quarter worth $51,000.

SPDR S&P MidCap 400 ETF Trust Trading Up 0.1 %

SPDR S&P MidCap 400 ETF Trust stock traded up $0.41 during mid-day trading on Thursday, hitting $531.96. The company had a trading volume of 360,074 shares, compared to its average volume of 880,400. The stock’s 50 day moving average price is $537.52 and its two-hundred day moving average price is $525.23. SPDR S&P MidCap 400 ETF Trust has a 12 month low of $424.22 and a 12 month high of $558.34. The company has a market capitalization of $21.02 billion, a PE ratio of 15.70 and a beta of 1.09.

SPDR S&P MidCap 400 ETF Trust Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Friday, June 21st will be paid a $1.9974 dividend. The ex-dividend date is Friday, June 21st.

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.