Berkshire Money Management Inc. Takes $458,000 Position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Berkshire Money Management Inc. bought a new position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) during the fourth quarter, Holdings Channel reports. The fund bought 1,761 shares of the company’s stock, valued at approximately $458,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Castleview Partners LLC increased its stake in 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 purchasing an additional 162 shares in the last quarter. AdvisorNet Financial Inc increased its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 61.1% in 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. Gateway Wealth Partners LLC raised its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF by 34.7% during the third quarter. Gateway Wealth Partners LLC now owns 3,200 shares of the company’s stock valued at $806,000 after acquiring an additional 825 shares during the period. Professional Financial Advisors LLC lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 0.3% in the 3rd quarter. Professional Financial Advisors LLC now owns 17,087 shares of the company’s stock valued at $4,303,000 after acquiring an additional 43 shares in the last quarter. Finally, Baltimore Washington Financial Advisors Inc. grew its position in SPDR S&P 1500 Momentum Tilt ETF by 6.4% during the 3rd quarter. Baltimore Washington Financial Advisors Inc. now owns 47,567 shares of the company’s stock worth $11,978,000 after purchasing an additional 2,846 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Stock Up 0.2 %

Shares of NYSEARCA:MMTM opened at $265.56 on Wednesday. The company has a market cap of $114.19 million, a P/E ratio of 23.11 and a beta of 1.09. The company’s fifty day moving average is $266.11 and its two-hundred day moving average is $255.10. SPDR S&P 1500 Momentum Tilt ETF has a 12-month low of $213.89 and a 12-month high of $274.19.

SPDR S&P 1500 Momentum Tilt ETF Company 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.