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

IFP Advisors Inc increased its stake in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 20.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,795 shares of the company’s stock after acquiring an additional 642 shares during the quarter. IFP Advisors Inc’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $1,012,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in MMTM. Aspire Capital Advisors LLC purchased a new position in SPDR S&P 1500 Momentum Tilt ETF during the first quarter worth approximately $301,000. Professional Financial Advisors LLC lifted its position in SPDR S&P 1500 Momentum Tilt ETF by 1.5% during the first quarter. Professional Financial Advisors LLC now owns 18,709 shares of the company’s stock worth $4,507,000 after buying an additional 280 shares in the last quarter. Sharkey Howes & Javer lifted its position in SPDR S&P 1500 Momentum Tilt ETF by 7.4% during the first quarter. Sharkey Howes & Javer now owns 3,809 shares of the company’s stock worth $918,000 after buying an additional 261 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in SPDR S&P 1500 Momentum Tilt ETF by 5.2% during the first quarter. Gateway Wealth Partners LLC now owns 3,643 shares of the company’s stock worth $878,000 after buying an additional 181 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in SPDR S&P 1500 Momentum Tilt ETF by 22.3% during the first quarter. Steward Partners Investment Advisory LLC now owns 21,090 shares of the company’s stock worth $5,081,000 after buying an additional 3,844 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

Shares of SPDR S&P 1500 Momentum Tilt ETF stock opened at $279.43 on Monday. SPDR S&P 1500 Momentum Tilt ETF has a one year low of $205.02 and a one year high of $287.47. The company has a market cap of $145.30 million, a price-to-earnings ratio of 26.43 and a beta of 0.96. The business’s 50 day moving average price is $279.28 and its 200 day moving average price is $261.43.

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.