PAX Financial Group LLC acquired a new position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,346 shares of the company’s stock, valued at approximately $1,269,000.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Optima Capital LLC bought a new position in SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter worth approximately $80,000. Flow Traders U.S. LLC bought a new position in SPDR S&P 1500 Momentum Tilt ETF in the second quarter worth approximately $254,000. Envestnet Asset Management Inc. bought a new position in SPDR S&P 1500 Momentum Tilt ETF in the third quarter worth approximately $264,000. Berkshire Money Management Inc. bought a new position in SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter worth approximately $290,000. Finally, Centurion Wealth Management LLC boosted its position in SPDR S&P 1500 Momentum Tilt ETF by 2.0% during the 4th quarter. Centurion Wealth Management LLC now owns 1,772 shares of the company’s stock valued at $518,000 after acquiring an additional 34 shares in the last quarter.
SPDR S&P 1500 Momentum Tilt ETF Trading Up 0.5%
Shares of NYSEARCA MMTM opened at $315.55 on Friday. The stock has a market capitalization of $167.24 million, a PE ratio of 26.43 and a beta of 1.01. The stock’s fifty day simple moving average is $297.45 and its two-hundred day simple moving average is $294.97. SPDR S&P 1500 Momentum Tilt ETF has a 12-month low of $249.89 and a 12-month high of $316.34.
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. MMTM was launched on Oct 24, 2012 and is managed by State Street.
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