Gateway Wealth Partners LLC Raises Stock Holdings in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Gateway Wealth Partners LLC raised its holdings in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,462 shares of the company’s stock after buying an additional 262 shares during the quarter. Gateway Wealth Partners LLC owned about 0.81% of SPDR S&P 1500 Momentum Tilt ETF worth $901,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc grew its holdings in SPDR S&P 1500 Momentum Tilt ETF by 61.1% during the fourth quarter. AdvisorNet Financial Inc now owns 485 shares of the company’s stock worth $126,000 after acquiring an additional 184 shares during the period. Castleview Partners LLC lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 184.1% in the third quarter. Castleview Partners LLC now owns 250 shares of the company’s stock valued at $63,000 after acquiring an additional 162 shares in the last quarter. Professional Financial Advisors LLC lifted its position in SPDR S&P 1500 Momentum Tilt ETF by 0.3% during the third quarter. Professional Financial Advisors LLC now owns 17,087 shares of the company’s stock worth $4,303,000 after buying an additional 43 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. raised its position in SPDR S&P 1500 Momentum Tilt ETF by 6.4% in the third quarter. Baltimore Washington Financial Advisors Inc. now owns 47,567 shares of the company’s stock valued at $11,978,000 after purchasing an additional 2,846 shares during the period.

SPDR S&P 1500 Momentum Tilt ETF Stock Up 1.9 %

NYSEARCA:MMTM opened at $268.28 on Wednesday. SPDR S&P 1500 Momentum Tilt ETF has a 52 week low of $208.19 and a 52 week high of $274.19. The stock’s fifty day moving average is $265.76 and its two-hundred day moving average is $254.41. The company has a market capitalization of $115.36 million, a P/E ratio of 23.11 and a beta of 1.09.

SPDR S&P 1500 Momentum Tilt ETF 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.