Newport Capital Group LLC Buys New Stake in SPDR S&P 1500 Momentum Tilt ETF $MMTM

Newport Capital Group LLC bought a new position in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) in the 3rd quarter, according to its most recent disclosure with the SEC. The firm bought 9,503 shares of the company’s stock, valued at approximately $2,905,000. SPDR S&P 1500 Momentum Tilt ETF accounts for approximately 1.9% of Newport Capital Group LLC’s investment portfolio, making the stock its 19th largest holding. Newport Capital Group LLC owned 2.21% of SPDR S&P 1500 Momentum Tilt ETF as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Envestnet Asset Management Inc. increased its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 930 shares of the company’s stock valued at $291,000 after acquiring an additional 45 shares during the period. Integrated Wealth Concepts LLC acquired a new position in shares of SPDR S&P 1500 Momentum Tilt ETF during the 2nd quarter worth approximately $247,000. Aspire Capital Advisors LLC purchased a new stake in SPDR S&P 1500 Momentum Tilt ETF during the 2nd quarter worth approximately $388,000. MTM Financial Group LLC lifted its stake in shares of SPDR S&P 1500 Momentum Tilt ETF by 15.2% in the first quarter. MTM Financial Group LLC now owns 10,124 shares of the company’s stock worth $2,837,000 after buying an additional 1,338 shares in the last quarter. Finally, Royal Bank of Canada grew its holdings in SPDR S&P 1500 Momentum Tilt ETF by 2.2% in the 1st quarter. Royal Bank of Canada now owns 5,422 shares of the company’s stock valued at $1,519,000 after buying an additional 115 shares in the last quarter.

SPDR S&P 1500 Momentum Tilt ETF Trading Down 1.4%

MMTM stock traded down $4.23 on Friday, hitting $299.56. The company’s stock had a trading volume of 1,253 shares, compared to its average volume of 1,900. SPDR S&P 1500 Momentum Tilt ETF has a 1 year low of $270.45 and a 1 year high of $323.52. The stock has a market cap of $128.81 million, a price-to-earnings ratio of 26.43 and a beta of 1.01. The firm has a 50 day moving average of $306.29 and a two-hundred day moving average of $307.44.

SPDR S&P 1500 Momentum Tilt ETF Company Profile

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. MMTM was launched on Oct 24, 2012 and is managed by State Street.