Gateway Wealth Partners LLC Has $577,000 Position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Gateway Wealth Partners LLC raised its holdings in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 19.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,375 shares of the company’s stock after acquiring an additional 395 shares during the quarter. Gateway Wealth Partners LLC owned about 0.55% of SPDR S&P 1500 Momentum Tilt ETF worth $577,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MMTM. Baltimore Washington Financial Advisors Inc. increased its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 10.2% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 44,721 shares of the company’s stock worth $10,863,000 after purchasing an additional 4,132 shares during the period. International Assets Investment Management LLC bought a new stake in SPDR S&P 1500 Momentum Tilt ETF in the 2nd quarter valued at $58,000. Professional Financial Advisors LLC boosted its holdings in 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 valued at $4,140,000 after purchasing an additional 171 shares during the period. Finally, Berkshire Money Management Inc. acquired a new stake in SPDR S&P 1500 Momentum Tilt ETF in the 1st quarter worth $470,000.

SPDR S&P 1500 Momentum Tilt ETF Trading Up 0.3 %

MMTM opened at $251.81 on Tuesday. The stock’s 50 day simple moving average is $241.97 and its 200-day simple moving average is $236.47. The stock has a market cap of $108.28 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 $252.23.

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.