Wealth Enhancement Advisory Services LLC Lowers Stock Position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 5.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,789 shares of the company’s stock after selling 414 shares during the period. Wealth Enhancement Advisory Services LLC owned about 1.81% of SPDR S&P 1500 Momentum Tilt ETF worth $1,791,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. ORG Partners LLC lifted its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 122.8% in the fourth quarter. ORG Partners LLC now owns 127 shares of the company’s stock valued at $26,000 after purchasing an additional 70 shares during the period. Silver Oak Securities Incorporated acquired a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF during the 3rd quarter valued at approximately $505,000. Steward Partners Investment Advisory LLC boosted its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 5.6% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 13,550 shares of the company’s stock worth $2,738,000 after acquiring an additional 723 shares in the last quarter. Finally, Professional Financial Advisors LLC grew its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF by 0.5% in the 4th quarter. Professional Financial Advisors LLC now owns 24,627 shares of the company’s stock worth $4,977,000 after acquiring an additional 122 shares during the period.

SPDR S&P 1500 Momentum Tilt ETF Stock Performance

Shares of MMTM stock opened at $247.66 on Friday. The stock has a fifty day moving average price of $235.28 and a 200 day moving average price of $223.11. The stock has a market cap of $106.49 million, a PE ratio of 23.11 and a beta of 1.09. SPDR S&P 1500 Momentum Tilt ETF has a 1 year low of $172.61 and a 1 year high of $247.77.

About SPDR S&P 1500 Momentum Tilt ETF

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.