Steward Partners Investment Advisory LLC increased its stake in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM – Free Report) by 10.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,246 shares of the company’s stock after purchasing an additional 1,565 shares during the period. Steward Partners Investment Advisory LLC owned 4.01% of SPDR S&P 1500 Momentum Tilt ETF worth $4,489,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of MMTM. AdvisorNet Financial Inc lifted its stake in SPDR S&P 1500 Momentum Tilt ETF by 61.1% during the 4th quarter. AdvisorNet Financial Inc now owns 485 shares of the company’s stock valued at $126,000 after acquiring an additional 184 shares during the period. J.W. Cole Advisors Inc. acquired a new stake in SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at approximately $203,000. Berkshire Money Management Inc. acquired a new stake in SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at approximately $458,000. Gateway Wealth Partners LLC lifted its stake in SPDR S&P 1500 Momentum Tilt ETF by 8.2% during the 4th quarter. Gateway Wealth Partners LLC now owns 3,462 shares of the company’s stock valued at $901,000 after acquiring an additional 262 shares during the period. Finally, Sharkey Howes & Javer acquired a new stake in SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at approximately $924,000.
SPDR S&P 1500 Momentum Tilt ETF Trading Down 2.3 %
Shares of NYSEARCA MMTM opened at $247.39 on Friday. SPDR S&P 1500 Momentum Tilt ETF has a 12 month low of $215.16 and a 12 month high of $274.40. The company has a 50 day simple moving average of $265.13 and a two-hundred day simple moving average of $259.41. The stock has a market cap of $141.01 million, a price-to-earnings ratio of 28.70 and a beta of 0.99.
About SPDR S&P 1500 Momentum Tilt ETF
The SPDR S&P 1500 Momentum Tilt ETF (MMTM) is an exchange-traded fund that is based on the S&P 1500 Positive Momentum Tilt index. The fund tracks a tiered index that weights securities from the S&P 1500 according to a combination of their market capitalization and their price momentum over the previous 12 months.
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