Sharkey Howes & Javer trimmed its stake in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM – Free Report) by 72.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 952 shares of the company’s stock after selling 2,551 shares during the quarter. Sharkey Howes & Javer owned approximately 0.18% of SPDR S&P 1500 Momentum Tilt ETF worth $272,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Professional Financial Advisors LLC increased its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 1.5% in the second quarter. Professional Financial Advisors LLC now owns 18,998 shares of the company’s stock worth $5,065,000 after acquiring an additional 289 shares in the last quarter. Centurion Wealth Management LLC boosted its stake in SPDR S&P 1500 Momentum Tilt ETF by 22.0% in the 2nd quarter. Centurion Wealth Management LLC now owns 1,733 shares of the company’s stock worth $462,000 after purchasing an additional 313 shares during the period. IFP Advisors Inc grew its position in SPDR S&P 1500 Momentum Tilt ETF by 20.4% during the 2nd quarter. IFP Advisors Inc now owns 3,795 shares of the company’s stock worth $1,012,000 after purchasing an additional 642 shares in the last quarter. Flow Traders U.S. LLC purchased a new position in SPDR S&P 1500 Momentum Tilt ETF during the 2nd quarter worth approximately $254,000. Finally, Baltimore Washington Financial Advisors Inc. raised its stake in SPDR S&P 1500 Momentum Tilt ETF by 3.1% during the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 64,409 shares of the company’s stock valued at $17,171,000 after purchasing an additional 1,942 shares during the period.
SPDR S&P 1500 Momentum Tilt ETF Trading Up 1.3%
Shares of MMTM stock opened at $292.07 on Friday. The stock’s fifty day simple moving average is $289.22 and its 200-day simple moving average is $278.41. The company has a market capitalization of $151.88 million, a price-to-earnings ratio of 26.43 and a beta of 0.99. SPDR S&P 1500 Momentum Tilt ETF has a 1-year low of $205.02 and a 1-year high of $298.69.
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. MMTM was launched on Oct 24, 2012 and is managed by State Street.
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