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

Gateway Wealth Partners LLC boosted its stake in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 34.7% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,200 shares of the company’s stock after buying an additional 825 shares during the quarter. Gateway Wealth Partners LLC’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $806,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Baltimore Washington Financial Advisors Inc. raised its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 10.2% in the 2nd quarter. Baltimore Washington Financial Advisors Inc. now owns 44,721 shares of the company’s stock worth $10,863,000 after acquiring an additional 4,132 shares in the last quarter. Berkshire Money Management Inc. purchased a new stake in SPDR S&P 1500 Momentum Tilt ETF during the 1st quarter valued at $470,000. International Assets Investment Management LLC purchased a new stake in SPDR S&P 1500 Momentum Tilt ETF during the 2nd quarter valued at $58,000. Professional Financial Advisors LLC boosted its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 1.0% in the 2nd quarter. Professional Financial Advisors LLC now owns 17,044 shares of the company’s stock worth $4,140,000 after buying an additional 171 shares during the last quarter. Finally, Castleview Partners LLC boosted its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 184.1% in the 3rd quarter. Castleview Partners LLC now owns 250 shares of the company’s stock worth $63,000 after buying an additional 162 shares during the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Price Performance

MMTM stock opened at $257.18 on Tuesday. SPDR S&P 1500 Momentum Tilt ETF has a 1 year low of $174.24 and a 1 year high of $259.95. The stock’s fifty day moving average price is $249.58 and its 200-day moving average price is $240.29. The company has a market cap of $110.59 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.