Professional Financial Advisors LLC lifted its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM – Free Report) by 7.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 18,429 shares of the company’s stock after acquiring an additional 1,342 shares during the period. SPDR S&P 1500 Momentum Tilt ETF accounts for approximately 1.2% of Professional Financial Advisors LLC’s portfolio, making the stock its 11th biggest holding. Professional Financial Advisors LLC’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $4,797,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Gateway Wealth Partners LLC raised its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 19.9% during the second quarter. Gateway Wealth Partners LLC now owns 2,375 shares of the company’s stock worth $577,000 after purchasing an additional 395 shares during the period. Castleview Partners LLC increased its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 184.1% in the third quarter. Castleview Partners LLC now owns 250 shares of the company’s stock worth $63,000 after acquiring an additional 162 shares during the last quarter. Baltimore Washington Financial Advisors Inc. increased its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 6.4% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 47,567 shares of the company’s stock worth $11,978,000 after acquiring an additional 2,846 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its position in SPDR S&P 1500 Momentum Tilt ETF by 61.1% during the fourth quarter. AdvisorNet Financial Inc now owns 485 shares of the company’s stock valued at $126,000 after purchasing an additional 184 shares during the last quarter.
SPDR S&P 1500 Momentum Tilt ETF Price Performance
MMTM opened at $258.74 on Tuesday. The company has a market capitalization of $111.26 million, a PE ratio of 23.11 and a beta of 1.09. SPDR S&P 1500 Momentum Tilt ETF has a fifty-two week low of $201.52 and a fifty-two week high of $273.75. The business has a 50-day moving average of $264.97 and a 200-day moving average of $252.96.
SPDR S&P 1500 Momentum Tilt ETF Profile
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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Want to see what other hedge funds are holding MMTM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM – Free Report).
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