SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. cut its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 3.3% in the fourth quarter, HoldingsChannel reports. The firm owned 3,179 shares of the company’s stock after selling 110 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $642,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMTM. LPL Financial LLC lifted its position in SPDR S&P 1500 Momentum Tilt ETF by 21.9% during the third quarter. LPL Financial LLC now owns 70,643 shares of the company’s stock valued at $12,659,000 after purchasing an additional 12,688 shares during the period. Prosperity Wealth Management Inc. acquired a new position in SPDR S&P 1500 Momentum Tilt ETF during the third quarter valued at $531,000. Silver Oak Securities Incorporated acquired a new position in SPDR S&P 1500 Momentum Tilt ETF during the third quarter valued at $505,000. Steward Partners Investment Advisory LLC raised its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 39.1% in the first quarter. Steward Partners Investment Advisory LLC now owns 8,891 shares of the company’s stock worth $1,502,000 after acquiring an additional 2,497 shares during the period. Finally, RFG Advisory LLC acquired a new position in shares of SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter worth about $356,000.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

Shares of SPDR S&P 1500 Momentum Tilt ETF stock opened at $220.27 on Thursday. The firm has a 50-day simple moving average of $224.52 and a two-hundred day simple moving average of $204.84. The company has a market cap of $94.72 million, a P/E ratio of 23.79 and a beta of 1.09. SPDR S&P 1500 Momentum Tilt ETF has a fifty-two week low of $168.23 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.