Cumberland Advisors Inc. Has $28.18 Million Holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY)

Cumberland Advisors Inc. raised its holdings in SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 4.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 49,482 shares of the exchange traded fund’s stock after acquiring an additional 2,115 shares during the quarter. SPDR S&P MidCap 400 ETF Trust makes up about 11.2% of Cumberland Advisors Inc.’s portfolio, making the stock its 2nd largest holding. Cumberland Advisors Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $28,184,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DiNuzzo Private Wealth Inc. acquired a new stake in shares of SPDR S&P MidCap 400 ETF Trust during the third quarter worth $28,000. Chris Bulman Inc acquired a new stake in SPDR S&P MidCap 400 ETF Trust in the second quarter worth $30,000. Kiely Wealth Advisory Group Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at $64,000. Beaird Harris Wealth Management LLC bought a new stake in SPDR S&P MidCap 400 ETF Trust in the second quarter valued at $67,000. Finally, Peterson Financial Group Inc. bought a new stake in SPDR S&P MidCap 400 ETF Trust in the third quarter valued at $68,000.

SPDR S&P MidCap 400 ETF Trust Stock Up 0.3 %

MDY traded up $1.50 during midday trading on Wednesday, hitting $573.73. The company had a trading volume of 559,357 shares, compared to its average volume of 835,823. SPDR S&P MidCap 400 ETF Trust has a 52 week low of $487.66 and a 52 week high of $624.13. The company has a market capitalization of $22.67 billion, a price-to-earnings ratio of 15.70 and a beta of 1.09. The stock’s 50 day moving average price is $590.87 and its 200 day moving average price is $567.57.

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.