International Assets Investment Management LLC Takes $58,000 Position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

International Assets Investment Management LLC acquired a new position in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 240 shares of the company’s stock, valued at approximately $58,000. International Assets Investment Management LLC owned 0.06% of SPDR S&P 1500 Momentum Tilt ETF as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MMTM. Berkshire Money Management Inc. purchased a new stake in SPDR S&P 1500 Momentum Tilt ETF during the first quarter worth about $470,000. Fulcrum Equity Management acquired a new stake in SPDR S&P 1500 Momentum Tilt ETF during the 1st quarter worth approximately $664,000. Steward Partners Investment Advisory LLC lifted its holdings in 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 buying an additional 723 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in SPDR S&P 1500 Momentum Tilt ETF by 379.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 15,249 shares of the company’s stock valued at $3,507,000 after buying an additional 12,070 shares during the period. Finally, Professional Financial Advisors LLC grew its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 1.0% in the second quarter. Professional Financial Advisors LLC now owns 17,044 shares of the company’s stock worth $4,140,000 after acquiring an additional 171 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Trading Down 0.2 %

Shares of NYSEARCA MMTM opened at $239.36 on Thursday. The stock has a market cap of $102.92 million, a P/E ratio of 23.11 and a beta of 1.09. The business’s fifty day simple moving average is $242.18 and its 200-day simple moving average is $233.51. SPDR S&P 1500 Momentum Tilt ETF has a 12-month low of $172.61 and a 12-month high of $251.88.

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.