Cumberland Advisors Inc. Acquires 265 Shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Cumberland Advisors Inc. increased its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 0.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 47,367 shares of the exchange traded fund’s stock after buying an additional 265 shares during the period. SPDR S&P MidCap 400 ETF Trust accounts for about 10.7% of Cumberland Advisors Inc.’s portfolio, making the stock its 2nd biggest position. Cumberland Advisors Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $26,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. NBC Securities Inc. lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 36.0% during the 1st quarter. NBC Securities Inc. now owns 189 shares of the exchange traded fund’s stock valued at $115,000 after buying an additional 50 shares in the last quarter. Midwest Financial Group LLC raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 4.0% in the 1st quarter. Midwest Financial Group LLC now owns 6,992 shares of the exchange traded fund’s stock valued at $3,891,000 after acquiring an additional 269 shares during the period. Optimum Investment Advisors raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 27.6% in the 1st quarter. Optimum Investment Advisors now owns 855 shares of the exchange traded fund’s stock valued at $476,000 after acquiring an additional 185 shares during the period. Hummer Financial Advisory Services Inc raised its stake in shares of SPDR S&P MidCap 400 ETF Trust by 2.8% in the 1st quarter. Hummer Financial Advisory Services Inc now owns 17,453 shares of the exchange traded fund’s stock valued at $9,729,000 after acquiring an additional 480 shares during the period. Finally, Sanders Morris Harris LLC acquired a new position in shares of SPDR S&P MidCap 400 ETF Trust in the first quarter valued at approximately $709,000.

SPDR S&P MidCap 400 ETF Trust Price Performance

Shares of MDY stock traded down $0.23 during trading on Thursday, reaching $582.99. The company’s stock had a trading volume of 207,858 shares, compared to its average volume of 827,934. The company has a market capitalization of $23.04 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The stock’s 50-day moving average price is $558.65 and its 200 day moving average price is $546.60. SPDR S&P MidCap 400 ETF Trust has a 1-year low of $424.22 and a 1-year high of $585.50.

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.