Raymond James Financial Services Advisors Inc. Cuts Holdings in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Raymond James Financial Services Advisors Inc. decreased its position in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 3.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,179 shares of the company’s stock after selling 110 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.71% of SPDR S&P 1500 Momentum Tilt ETF worth $642,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 21.9% during the third quarter. LPL Financial LLC now owns 70,643 shares of the company’s stock valued at $12,659,000 after purchasing an additional 12,688 shares in the last quarter. Baltimore Washington Financial Advisors Inc. grew its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 4.1% during the third quarter. Baltimore Washington Financial Advisors Inc. now owns 36,257 shares of the company’s stock valued at $6,497,000 after purchasing an additional 1,434 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 39.1% during the first quarter. Steward Partners Investment Advisory LLC now owns 8,891 shares of the company’s stock valued at $1,502,000 after purchasing an additional 2,497 shares in the last quarter. Bank of America Corp DE grew its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 6.6% during the first quarter. Bank of America Corp DE now owns 7,604 shares of the company’s stock valued at $1,285,000 after purchasing an additional 469 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF by 19.3% in the 3rd quarter. Royal Bank of Canada now owns 4,681 shares of the company’s stock valued at $839,000 after acquiring an additional 756 shares during the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Trading Down 1.0 %

Shares of NYSEARCA:MMTM opened at $220.27 on Thursday. SPDR S&P 1500 Momentum Tilt ETF has a 12 month low of $168.23 and a 12 month high of $230.64. The company has a 50-day moving average price of $224.52 and a 200 day moving average price of $204.84. The company has a market cap of $94.72 million, a price-to-earnings ratio of 23.79 and a beta of 1.09.

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.