Comerica Bank Has $31,000 Stake in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Comerica Bank increased its position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 77.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121 shares of the company’s stock after purchasing an additional 53 shares during the period. Comerica Bank’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $31,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at $1,183,000. J.W. Cole Advisors Inc. purchased a new position in SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at about $203,000. Sharkey Howes & Javer bought a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at about $924,000. Mariner LLC bought a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter valued at about $2,739,000. Finally, Baltimore Washington Financial Advisors Inc. raised its stake 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 acquiring an additional 11,684 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

Shares of MMTM stock opened at $256.81 on Tuesday. The company has a market capitalization of $146.38 million, a P/E ratio of 25.91 and a beta of 1.01. The stock has a 50 day moving average price of $238.76 and a two-hundred day moving average price of $255.39. SPDR S&P 1500 Momentum Tilt ETF has a fifty-two week low of $205.02 and a fifty-two 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.