Centurion Wealth Management LLC purchased a new position in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,420 shares of the company’s stock, valued at approximately $370,000. Centurion Wealth Management LLC owned approximately 0.33% of SPDR S&P 1500 Momentum Tilt ETF at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AdvisorNet Financial Inc raised its position 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 in the last quarter. J.W. Cole Advisors Inc. bought a new stake in SPDR S&P 1500 Momentum Tilt ETF during the fourth quarter worth $203,000. Berkshire Money Management Inc. bought a new stake in SPDR S&P 1500 Momentum Tilt ETF during the fourth quarter worth $458,000. Gateway Wealth Partners LLC raised its position in SPDR S&P 1500 Momentum Tilt ETF by 8.2% during the fourth quarter. Gateway Wealth Partners LLC now owns 3,462 shares of the company’s stock worth $901,000 after acquiring an additional 262 shares in the last quarter. Finally, Sharkey Howes & Javer bought a new stake in SPDR S&P 1500 Momentum Tilt ETF during the fourth quarter worth $924,000.
SPDR S&P 1500 Momentum Tilt ETF Trading Up 2.7 %
NYSEARCA MMTM opened at $244.65 on Friday. The firm’s fifty day moving average price is $262.79 and its two-hundred day moving average price is $259.31. SPDR S&P 1500 Momentum Tilt ETF has a 1 year low of $215.16 and a 1 year high of $274.40. The firm has a market capitalization of $141.90 million, a P/E ratio of 25.30 and a beta of 0.99.
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.
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