Western Wealth Management LLC Has $1.91 Million Stock Position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Western Wealth Management LLC cut its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 4.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,431 shares of the company’s stock after selling 406 shares during the period. Western Wealth Management LLC’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $1,906,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. ORG Partners LLC raised its holdings in SPDR S&P 1500 Momentum Tilt ETF by 122.8% during the fourth quarter. ORG Partners LLC now owns 127 shares of the company’s stock worth $26,000 after acquiring an additional 70 shares in the last quarter. UBS Group AG increased its stake in SPDR S&P 1500 Momentum Tilt ETF by 362.5% during the 3rd quarter. UBS Group AG now owns 185 shares of the company’s stock worth $33,000 after acquiring an additional 145 shares during the period. JPMorgan Chase & Co. bought a new position in SPDR S&P 1500 Momentum Tilt ETF during the 2nd quarter worth $73,000. CWM LLC increased its stake in SPDR S&P 1500 Momentum Tilt ETF by 51.7% during the 3rd quarter. CWM LLC now owns 827 shares of the company’s stock worth $148,000 after acquiring an additional 282 shares during the period. Finally, Osaic Holdings Inc. increased its stake in SPDR S&P 1500 Momentum Tilt ETF by 2.9% during the 2nd quarter. Osaic Holdings Inc. now owns 1,964 shares of the company’s stock worth $364,000 after acquiring an additional 56 shares during the period.

SPDR S&P 1500 Momentum Tilt ETF Price Performance

Shares of NYSEARCA MMTM traded down $0.34 during mid-day trading on Friday, hitting $218.80. 694 shares of the stock traded hands, compared to its average volume of 1,915. The company has a market cap of $94.08 million, a PE ratio of 23.79 and a beta of 1.09. SPDR S&P 1500 Momentum Tilt ETF has a twelve month low of $168.23 and a twelve month high of $230.64. The firm has a 50 day simple moving average of $224.55 and a two-hundred day simple moving average of $204.93.

About SPDR S&P 1500 Momentum Tilt ETF

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.