SPDR S&P 1500 Momentum Tilt ETF $MMTM Shares Acquired by Baltimore Washington Financial Advisors Inc.

Baltimore Washington Financial Advisors Inc. boosted its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 5.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,755 shares of the company’s stock after buying an additional 3,346 shares during the period. Baltimore Washington Financial Advisors Inc. owned approximately 13.03% of SPDR S&P 1500 Momentum Tilt ETF worth $19,356,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Professional Financial Advisors LLC grew its stake in SPDR S&P 1500 Momentum Tilt ETF by 3.6% during the 3rd quarter. Professional Financial Advisors LLC now owns 19,680 shares of the company’s stock valued at $5,622,000 after purchasing an additional 682 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF during the 3rd quarter worth approximately $264,000. Flow Traders U.S. LLC purchased a new position in SPDR S&P 1500 Momentum Tilt ETF in the second quarter valued at $254,000. Steward Partners Investment Advisory LLC increased its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 12.4% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 23,698 shares of the company’s stock valued at $6,318,000 after purchasing an additional 2,608 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF in the first quarter valued at approximately $809,000.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

NYSEARCA:MMTM opened at $287.90 on Friday. SPDR S&P 1500 Momentum Tilt ETF has a fifty-two week low of $205.02 and a fifty-two week high of $303.40. The company has a fifty day moving average of $296.00 and a two-hundred day moving average of $289.47. The stock has a market capitalization of $161.22 million, a PE ratio of 26.43 and a beta of 0.99.

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. MMTM was launched on Oct 24, 2012 and is managed by State Street.