Pension Fund Raises Ciena Stake by 14.6% to 51,075 Shares
Illinois Municipal Retirement Fund increased its Ciena Corporation stake by 14.6% to 51,075 shares last quarter. Ciena is the largest 1.05% holding in the SPDR S&P MidCap 400 ETF, though it pays no dividend.
1. Pension Fund Boosts Ciena Stake
Illinois Municipal Retirement Fund raised its Ciena Corporation position by 6,520 shares, boosting its holding to 51,075 shares and increasing its stake by 14.6% in the period.
2. Ciena’s Role in MidCap ETF
Ciena represents a 1.05% weight in the SPDR S&P MidCap 400 ETF; the fund’s dividends derive from its broader portfolio, while Ciena itself maintains a no-dividend policy.
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Sources
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