Professional Financial Advisors LLC Buys 122 Shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Professional Financial Advisors LLC boosted its stake in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 24,627 shares of the company’s stock after purchasing an additional 122 shares during the quarter. SPDR S&P 1500 Momentum Tilt ETF comprises 1.6% of Professional Financial Advisors LLC’s portfolio, making the stock its 8th biggest holding. Professional Financial Advisors LLC owned approximately 0.05% of SPDR S&P 1500 Momentum Tilt ETF worth $4,977,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Silver Oak Securities Incorporated purchased a new position in SPDR S&P 1500 Momentum Tilt ETF during the third quarter worth approximately $505,000. Royal Bank of Canada raised its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 19.3% in the 3rd quarter. Royal Bank of Canada now owns 4,681 shares of the company’s stock valued at $839,000 after acquiring an additional 756 shares during the period. LPL Financial LLC raised its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 21.9% in the 3rd quarter. LPL Financial LLC now owns 70,643 shares of the company’s stock valued at $12,659,000 after acquiring an additional 12,688 shares during the period. UBS Group AG raised its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 362.5% in the 3rd quarter. UBS Group AG now owns 185 shares of the company’s stock valued at $33,000 after acquiring an additional 145 shares during the period. Finally, Baltimore Washington Financial Advisors Inc. grew its holdings in SPDR S&P 1500 Momentum Tilt ETF by 4.1% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 36,257 shares of the company’s stock valued at $6,497,000 after purchasing an additional 1,434 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Price Performance

MMTM traded up $0.89 during trading hours on Thursday, reaching $229.73. 931 shares of the stock traded hands, compared to its average volume of 1,836. The firm’s fifty day simple moving average is $219.24 and its two-hundred day simple moving average is $200.03. The company has a market cap of $103.38 million, a price-to-earnings ratio of 14.42 and a beta of 0.96. SPDR S&P 1500 Momentum Tilt ETF has a fifty-two week low of $164.43 and a fifty-two week high of $230.64.

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.