IFP Advisors Inc Raises Stock Holdings in SPDR S&P 1500 Momentum Tilt ETF $MMTM

IFP Advisors Inc raised its holdings in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 20.4% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,795 shares of the company’s stock after buying an additional 642 shares during the quarter. IFP Advisors Inc owned about 0.69% of SPDR S&P 1500 Momentum Tilt ETF worth $1,012,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC raised its stake in SPDR S&P 1500 Momentum Tilt ETF by 59.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,943 shares of the company’s stock valued at $2,403,000 after buying an additional 3,349 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in SPDR S&P 1500 Momentum Tilt ETF by 484.9% in the first quarter. Goldman Sachs Group Inc. now owns 13,323 shares of the company’s stock valued at $3,210,000 after buying an additional 11,045 shares during the last quarter. Sharkey Howes & Javer raised its stake in SPDR S&P 1500 Momentum Tilt ETF by 7.4% in the first quarter. Sharkey Howes & Javer now owns 3,809 shares of the company’s stock valued at $918,000 after buying an additional 261 shares during the last quarter. Centurion Wealth Management LLC raised its stake in SPDR S&P 1500 Momentum Tilt ETF by 22.0% in the second quarter. Centurion Wealth Management LLC now owns 1,733 shares of the company’s stock valued at $462,000 after buying an additional 313 shares during the last quarter. Finally, Aspire Capital Advisors LLC purchased a new stake in SPDR S&P 1500 Momentum Tilt ETF in the first quarter valued at about $301,000.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

SPDR S&P 1500 Momentum Tilt ETF stock opened at $279.43 on Monday. The stock has a 50-day moving average of $279.28 and a two-hundred day moving average of $261.43. SPDR S&P 1500 Momentum Tilt ETF has a one year low of $205.02 and a one year high of $287.47. The stock has a market cap of $145.30 million, a PE ratio of 26.43 and a beta of 0.96.

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.