Advisor Group Inc. Reduces Position in SPDR S&P 1500 Momentum Tilt ETF (MMTM)

Advisor Group Inc. cut its position in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 65.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 550 shares of the company’s stock after selling 1,024 shares during the quarter. Advisor Group Inc. owned about 0.18% of SPDR S&P 1500 Momentum Tilt ETF worth $59,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter worth $1,616,000. Cardan Capital Partners LLC boosted its holdings in SPDR S&P 1500 Momentum Tilt ETF by 25.4% in the fourth quarter. Cardan Capital Partners LLC now owns 68,741 shares of the company’s stock worth $7,412,000 after acquiring an additional 13,907 shares in the last quarter. Raymond James Financial Services Advisors Inc. bought a new stake in SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter worth $201,000. Citadel Advisors LLC bought a new stake in SPDR S&P 1500 Momentum Tilt ETF in the third quarter worth $372,000. Finally, IFP Advisors Inc boosted its holdings in SPDR S&P 1500 Momentum Tilt ETF by 2,364.6% in the fourth quarter. IFP Advisors Inc now owns 6,605 shares of the company’s stock worth $705,000 after acquiring an additional 6,337 shares in the last quarter.

MMTM stock opened at $125.78 on Tuesday. SPDR S&P 1500 Momentum Tilt ETF has a 1-year low of $100.68 and a 1-year high of $132.75.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Stockholders of record on Tuesday, March 19th were paid a $0.4693 dividend. This represents a $1.88 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, March 18th.

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See Also: Outstanding Shares

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Institutional Ownership by Quarter for SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

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