Centurion Wealth Management LLC Makes New Investment in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM)

Centurion Wealth Management LLC bought a new stake in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) during the 4th quarter, HoldingsChannel.com reports. The firm bought 1,420 shares of the company’s stock, valued at approximately $370,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AdvisorNet Financial Inc lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 61.1% in the fourth quarter. AdvisorNet Financial Inc now owns 485 shares of the company’s stock valued at $126,000 after acquiring an additional 184 shares in the last quarter. Gateway Wealth Partners LLC lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 8.2% in the fourth quarter. Gateway Wealth Partners LLC now owns 3,462 shares of the company’s stock valued at $901,000 after acquiring an additional 262 shares in the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of SPDR S&P 1500 Momentum Tilt ETF in the fourth quarter valued at approximately $203,000. Professional Financial Advisors LLC lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 7.9% in the fourth quarter. Professional Financial Advisors LLC now owns 18,429 shares of the company’s stock valued at $4,797,000 after acquiring an additional 1,342 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its position in shares of SPDR S&P 1500 Momentum Tilt ETF by 10.0% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 17,246 shares of the company’s stock valued at $4,489,000 after acquiring an additional 1,565 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Price Performance

NYSEARCA MMTM opened at $244.65 on Friday. The company has a market cap of $141.90 million, a PE ratio of 25.30 and a beta of 0.99. The stock’s 50 day simple moving average is $262.79 and its 200-day simple moving average is $259.31. SPDR S&P 1500 Momentum Tilt ETF has a 1-year low of $215.16 and a 1-year high of $274.40.

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.