SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 60.8% during the fourth quarter, Holdings Channel reports. The firm owned 132,093 shares of the company’s stock after buying an additional 49,941 shares during the quarter. LPL Financial LLC owned about 0.31% of SPDR S&P 1500 Momentum Tilt ETF worth $34,384,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MMTM. Baltimore Washington Financial Advisors Inc. boosted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 24.6% in the 4th quarter. Baltimore Washington Financial Advisors Inc. now owns 59,251 shares of the company’s stock worth $15,423,000 after buying an additional 11,684 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter valued at about $1,183,000. Sharkey Howes & Javer acquired a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter valued at approximately $924,000. Berkshire Money Management Inc. purchased a new position in shares of SPDR S&P 1500 Momentum Tilt ETF during the 4th quarter worth approximately $458,000. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 10.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 17,246 shares of the company’s stock worth $4,489,000 after purchasing an additional 1,565 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

MMTM stock opened at $239.81 on Friday. The stock’s 50 day moving average price is $259.34 and its 200 day moving average price is $259.50. The firm has a market cap of $139.09 million, a P/E ratio of 25.30 and a beta of 0.99. SPDR S&P 1500 Momentum Tilt ETF has a 1 year low of $215.16 and a 1 year high of $274.40.

SPDR S&P 1500 Momentum Tilt ETF Increases Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a $0.6156 dividend. This is a boost from SPDR S&P 1500 Momentum Tilt ETF’s previous dividend of $0.51. The ex-dividend date of this dividend was Monday, March 24th.

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.