SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is Cumberland Advisors Inc.’s Largest Position

Cumberland Advisors Inc. grew its holdings in shares of SPDR S&P 500 ETF Trust (NYSEARCA:SPY) by 72.8% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 123,798 shares of the company’s stock after purchasing an additional 52,153 shares during the quarter. SPDR S&P 500 ETF Trust makes up approximately 10.4% of Cumberland Advisors Inc.’s holdings, making the stock its biggest position. Cumberland Advisors Inc.’s holdings in SPDR S&P 500 ETF Trust were worth $36,740,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tower View Investment Management & Research LLC increased its holdings in SPDR S&P 500 ETF Trust by 6.2% in the 1st quarter. Tower View Investment Management & Research LLC now owns 15,222 shares of the company’s stock worth $4,300,000 after acquiring an additional 895 shares in the last quarter. Northstar Group Inc. boosted its stake in SPDR S&P 500 ETF Trust by 50.6% in the 1st quarter. Northstar Group Inc. now owns 3,556 shares of the company’s stock worth $1,004,000 after purchasing an additional 1,195 shares during the period. Spectrum Management Group Inc. boosted its stake in SPDR S&P 500 ETF Trust by 13.4% in the 1st quarter. Spectrum Management Group Inc. now owns 259,535 shares of the company’s stock worth $73,313,000 after purchasing an additional 30,575 shares during the period. Alpha Windward LLC boosted its stake in SPDR S&P 500 ETF Trust by 8.2% in the 1st quarter. Alpha Windward LLC now owns 11,775 shares of the company’s stock worth $3,326,000 after purchasing an additional 893 shares during the period. Finally, Massey Quick Simon & CO. LLC boosted its stake in SPDR S&P 500 ETF Trust by 23.0% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 56,007 shares of the company’s stock worth $15,821,000 after purchasing an additional 10,471 shares during the period.

SPY stock traded up $4.70 during midday trading on Friday, hitting $297.94. The company’s stock had a trading volume of 6,686,598 shares, compared to its average volume of 74,721,328. SPDR S&P 500 ETF Trust has a 12 month low of $233.76 and a 12 month high of $302.63. The company has a 50 day moving average of $294.63 and a two-hundred day moving average of $291.28.

The firm also recently declared a — dividend, which will be paid on Thursday, October 31st. Shareholders of record on Monday, September 23rd will be paid a $1.3836 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a yield of 1.8%.

SPDR S&P 500 ETF Trust Profile

SPDR S&P 500 ETF Trust (the Trust) is a unit investment trust. The Trust seeks to provide investment results that, before expenses, correspond generally to the price and yield performance of the S&P 500 Index (the Index). The Trust seeks to achieve this investment objective by holding a portfolio of the common stocks that are included in the Index (the Portfolio), with the weight of each stock in the Portfolio substantially corresponding to the weight of such stock in the Index.

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Institutional Ownership by Quarter for SPDR S&P 500 ETF Trust (NYSEARCA:SPY)

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