Raymond James Financial Inc. Makes New $1.18 Million Investment in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Raymond James Financial Inc. bought a new stake in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 4,546 shares of the company’s stock, valued at approximately $1,183,000. Raymond James Financial Inc. owned about 1.06% of SPDR S&P 1500 Momentum Tilt ETF at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. LPL Financial LLC increased its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 60.8% in the fourth quarter. LPL Financial LLC now owns 132,093 shares of the company’s stock valued at $34,384,000 after buying an additional 49,941 shares in the last quarter. Baltimore Washington Financial Advisors Inc. lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 24.6% during the fourth quarter. Baltimore Washington Financial Advisors Inc. now owns 59,251 shares of the company’s stock worth $15,423,000 after purchasing an additional 11,684 shares in the last quarter. Professional Financial Advisors LLC grew its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 7.9% during the fourth quarter. Professional Financial Advisors LLC now owns 18,429 shares of the company’s stock valued at $4,797,000 after purchasing an additional 1,342 shares during the last quarter. Steward Partners Investment Advisory LLC increased its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,246 shares of the company’s stock valued at $4,489,000 after purchasing an additional 1,565 shares in the last quarter. Finally, PAX Financial Group LLC raised its position in SPDR S&P 1500 Momentum Tilt ETF by 63.7% in the 4th quarter. PAX Financial Group LLC now owns 4,504 shares of the company’s stock worth $1,172,000 after purchasing an additional 1,753 shares during the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

NYSEARCA:MMTM opened at $244.82 on Friday. The stock’s fifty day moving average price is $239.09 and its two-hundred day moving average price is $255.97. The company has a market cap of $142.00 million, a price-to-earnings ratio of 24.44 and a beta of 1.01. SPDR S&P 1500 Momentum Tilt ETF has a 52-week low of $205.02 and a 52-week high of $274.40.

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.