PAX Financial Group LLC Invests $1.27 Million in SPDR S&P 1500 Momentum Tilt ETF $MMTM

PAX Financial Group LLC bought a new position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,346 shares of the company’s stock, valued at approximately $1,269,000. PAX Financial Group LLC owned approximately 0.78% of SPDR S&P 1500 Momentum Tilt ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MMTM. Goldman Sachs Group Inc. lifted its position in shares of 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 worth $3,210,000 after buying an additional 11,045 shares in the last quarter. Ethos Capital Management Inc. purchased a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter worth about $1,712,000. Citadel Advisors LLC lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 385.0% in the third quarter. Citadel Advisors LLC now owns 6,960 shares of the company’s stock worth $1,988,000 after buying an additional 5,525 shares in the last quarter. Jane Street Group LLC lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 100.4% in the second quarter. Jane Street Group LLC now owns 6,728 shares of the company’s stock worth $1,794,000 after buying an additional 3,371 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 5.2% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 67,755 shares of the company’s stock worth $19,356,000 after buying an additional 3,346 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Trading Up 0.5%

NYSEARCA:MMTM opened at $315.55 on Friday. The company has a market capitalization of $167.24 million, a P/E ratio of 26.43 and a beta of 1.01. SPDR S&P 1500 Momentum Tilt ETF has a 12 month low of $249.89 and a 12 month high of $316.34. The business’s 50-day moving average is $297.45 and its 200 day moving average is $294.97.

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.