Steward Partners Investment Advisory LLC Boosts Stock Holdings in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Steward Partners Investment Advisory LLC grew its position in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 10.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,246 shares of the company’s stock after purchasing an additional 1,565 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $4,489,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. AdvisorNet Financial Inc increased its holdings in shares of 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 purchasing an additional 184 shares in the last quarter. Gateway Wealth Partners LLC increased its holdings in shares of 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 purchasing an additional 262 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at approximately $203,000. Professional Financial Advisors LLC increased its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF by 7.9% during the 4th quarter. Professional Financial Advisors LLC now owns 18,429 shares of the company’s stock valued at $4,797,000 after purchasing an additional 1,342 shares in the last quarter. Finally, Berkshire Money Management Inc. purchased a new position in shares of SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at approximately $458,000.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

Shares of NYSEARCA MMTM opened at $247.39 on Friday. The firm has a market cap of $141.01 million, a PE ratio of 28.70 and a beta of 0.99. The firm has a fifty day moving average of $265.13 and a 200 day moving average of $259.41. SPDR S&P 1500 Momentum Tilt ETF has a one year low of $215.16 and a one year high of $274.40.

SPDR S&P 1500 Momentum Tilt ETF Company 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.