Cumberland Advisors Inc Buys ProShares UltraPro S&P500, SPDR S&P 500 ETF Trust, iShares Core S&P 500 ETF, Sells VanEck Vectors Gold Miners ETF, iShares Core MSCI Emerging Markets ETF, iShares MSCI All Country Asia ex Japan Index Fund

• New Purchases: UPRO, IVV, XLI, XLK, XLY,
• Added Positions: SPY, IYZ, ITB, XOP, MSFT, FCG, MDY, CHK, XBI, OXY, KIE, IYT, FDX, BRK.B, MYL, MAT, M,
• Reduced Positions: XAR, XLV, IHI, IWV, EWC, EWJ, EWT, ILF, GOOG, EWH, EWG, AGN, VBK, ECH, ORCL, PFF, V, SCZ, EEMV, VPL, VGK,
• Sold Out: GDX, IEMG, AAXJ, TGT, UAL, PFE,

For the details of CUMBERLAND ADVISORS INC's stock buys and sells, go to https://www.gurufocus.com/guru/cumberland+advisors+inc/current-portfolio/portfolio

1. SPDR S&P 500 ETF Trust (SPY) - 123,798 shares, 10.38% of the total portfolio. Shares added by 72.79%
2. ProShares UltraPro S&P500 (UPRO) - 565,070 shares, 8.82% of the total portfolio. New Position
3. SPDR S&P MidCap 400 ETF (MDY) - 78,550 shares, 7.82% of the total portfolio. Shares added by 2.15%
4. SPDR Aerospace & Defense ETF (XAR) - 200,905 shares, 6.06% of the total portfolio. Shares reduced by 3.49%
5. SPDR S&P Oil & Gas Exploration & Production ETF (XOP) - 871,785 shares, 5.51% of the total portfolio. Shares added by 27.10%

Cumberland Advisors Inc initiated holding in ProShares UltraPro S&P500. The purchase prices were between $48.38 and $58.94, with an estimated average price of $54.76. The stock is now traded at around $55.31. The impact to a portfolio due to this purchase was 8.82%. The holding were 565,070 shares as of .

Cumberland Advisors Inc initiated holding in iShares Core S&P 500 ETF. The purchase prices were between $284.16 and $302.28, with an estimated average price of $295.89. The stock is now traded at around $299.25. The impact to a portfolio due to this purchase was 2.77%. The holding were 32,825 shares as of .

Cumberland Advisors Inc initiated holding in Industrial Select Sector SPDR Fund. The purchase prices were between $72.89 and $79.35, with an estimated average price of $76.72. The stock is now traded at around $76.99. The impact to a portfolio due to this purchase was 2.07%. The holding were 94,480 shares as of .

Cumberland Advisors Inc initiated holding in Technology Select Sector SPDR Fund. The purchase prices were between $75.75 and $82.75, with an estimated average price of $80. The stock is now traded at around $81.87. The impact to a portfolio due to this purchase was 2.04%. The holding were 89,690 shares as of .

Cumberland Advisors Inc initiated holding in Consumer Discretionary Select Sector SPDR Fund. The purchase prices were between $114.59 and $124.48, with an estimated average price of $120.55. The stock is now traded at around $121.05. The impact to a portfolio due to this purchase was 2.03%. The holding were 59,575 shares as of .

Cumberland Advisors Inc added to a holding in SPDR S&P 500 ETF Trust by 72.79%. The purchase prices were between $282.52 and $300.62, with an estimated average price of $294.27. The stock is now traded at around $297.61. The impact to a portfolio due to this purchase was 4.37%. The holding were 123,798 shares as of .

Cumberland Advisors Inc added to a holding in iShares U.S. Telecommunications ETF by 132.77%. The purchase prices were between $27.51 and $30.49, with an estimated average price of $29.2. The stock is now traded at around $29.08. The impact to a portfolio due to this purchase was 2.12%. The holding were 449,650 shares as of .

Cumberland Advisors Inc added to a holding in iShares U.S. Home Construction ETF by 84.62%. The purchase prices were between $37.83 and $43.31, with an estimated average price of $40.04. The stock is now traded at around $43.67. The impact to a portfolio due to this purchase was 1.65%. The holding were 295,350 shares as of .

Cumberland Advisors Inc added to a holding in SPDR S&P Oil & Gas Exploration & Production ETF by 27.10%. The purchase prices were between $20.6 and $27.2, with an estimated average price of $23.55. The stock is now traded at around $21.46. The impact to a portfolio due to this purchase was 1.17%. The holding were 871,785 shares as of .

Cumberland Advisors Inc added to a holding in Microsoft Corp by 29.40%. The purchase prices were between $132.21 and $141.34, with an estimated average price of $137.52. The stock is now traded at around $140.46. The impact to a portfolio due to this purchase was 0.35%. The holding were 38,595 shares as of .

Cumberland Advisors Inc added to a holding in First Trust ISE-Revere Natural Gas Index Fund by 41.81%. The purchase prices were between $10.63 and $14.41, with an estimated average price of $12.23. The stock is now traded at around $10.65. The impact to a portfolio due to this purchase was 0.29%. The holding were 307,350 shares as of .

Cumberland Advisors Inc sold out a holding in VanEck Vectors Gold Miners ETF. The sale prices were between $24.58 and $30.95, with an estimated average price of $27.97.

Cumberland Advisors Inc sold out a holding in iShares Core MSCI Emerging Markets ETF. The sale prices were between $46.63 and $52.12, with an estimated average price of $49.59.

Cumberland Advisors Inc sold out a holding in iShares MSCI All Country Asia ex Japan Index Fund. The sale prices were between $62.74 and $70.77, with an estimated average price of $67.13.

Cumberland Advisors Inc sold out a holding in Target Corp. The sale prices were between $80.79 and $109.85, with an estimated average price of $95.19.

Cumberland Advisors Inc sold out a holding in United Airlines Holdings Inc. The sale prices were between $81.62 and $95.28, with an estimated average price of $88.35.

Cumberland Advisors Inc sold out a holding in Pfizer Inc. The sale prices were between $34.24 and $44.4, with an estimated average price of $38.38.