Cumberland Advisors Inc. Purchases 860 Shares of SPDR S&P MidCap 400 ETF Trust $MDY

Cumberland Advisors Inc. boosted its position in shares of SPDR S&P MidCap 400 ETF Trust (NYSEARCA:MDY) by 2.0% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 44,807 shares of the exchange traded fund’s stock after buying an additional 860 shares during the period. SPDR S&P MidCap 400 ETF Trust comprises 10.8% of Cumberland Advisors Inc.’s portfolio, making the stock its 2nd biggest holding. Cumberland Advisors Inc.’s holdings in SPDR S&P MidCap 400 ETF Trust were worth $27,635,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of SPDR S&P MidCap 400 ETF Trust by 6.9% in the fourth quarter. Wells Fargo & Company MN now owns 1,343,298 shares of the exchange traded fund’s stock valued at $810,385,000 after acquiring an additional 87,207 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 5.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 830,031 shares of the exchange traded fund’s stock worth $500,741,000 after purchasing an additional 41,757 shares in the last quarter. Moore Capital Management LP increased its position in shares of SPDR S&P MidCap 400 ETF Trust by 73.2% during the second quarter. Moore Capital Management LP now owns 633,725 shares of the exchange traded fund’s stock worth $358,993,000 after purchasing an additional 267,800 shares in the last quarter. Raymond James Financial Inc. raised its stake in SPDR S&P MidCap 400 ETF Trust by 5.4% in the 4th quarter. Raymond James Financial Inc. now owns 557,992 shares of the exchange traded fund’s stock valued at $336,626,000 after purchasing an additional 28,459 shares during the last quarter. Finally, Bank of Montreal Can raised its stake in SPDR S&P MidCap 400 ETF Trust by 2.2% in the 4th quarter. Bank of Montreal Can now owns 513,790 shares of the exchange traded fund’s stock valued at $309,959,000 after purchasing an additional 11,060 shares during the last quarter.

SPDR S&P MidCap 400 ETF Trust Stock Performance

Shares of MDY stock opened at $693.70 on Friday. The stock’s fifty day moving average is $678.82 and its two-hundred day moving average is $648.65. The firm has a market capitalization of $27.60 billion, a P/E ratio of 18.98 and a beta of 1.00. SPDR S&P MidCap 400 ETF Trust has a fifty-two week low of $559.89 and a fifty-two week high of $704.45.

SPDR S&P MidCap 400 ETF Trust Company 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. Its investment sectors include financials, industrials, information technology, consumer discretionary, healthcare and materials.