Berkshire Money Management Inc. Trims Position in SPDR S&P 1500 Momentum Tilt ETF $MMTM

Berkshire Money Management Inc. decreased its stake in SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 28.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,136 shares of the company’s stock after selling 452 shares during the quarter. Berkshire Money Management Inc.’s holdings in SPDR S&P 1500 Momentum Tilt ETF were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in SPDR S&P 1500 Momentum Tilt ETF by 484.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 13,323 shares of the company’s stock worth $3,210,000 after acquiring an additional 11,045 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in SPDR S&P 1500 Momentum Tilt ETF by 22.3% in the first quarter. Steward Partners Investment Advisory LLC now owns 21,090 shares of the company’s stock valued at $5,081,000 after acquiring an additional 3,844 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of SPDR S&P 1500 Momentum Tilt ETF during the first quarter valued at about $809,000. Wealth Enhancement Advisory Services LLC lifted its stake in SPDR S&P 1500 Momentum Tilt ETF by 59.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,943 shares of the company’s stock worth $2,403,000 after purchasing an additional 3,349 shares in the last quarter. Finally, Aspire Capital Advisors LLC acquired a new position in SPDR S&P 1500 Momentum Tilt ETF in the 1st quarter valued at about $301,000.

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

NYSEARCA:MMTM opened at $285.27 on Monday. SPDR S&P 1500 Momentum Tilt ETF has a 12-month low of $205.02 and a 12-month high of $286.92. The firm has a market cap of $148.34 million, a PE ratio of 26.43 and a beta of 0.96. The stock has a fifty day moving average price of $277.94 and a 200 day moving average price of $260.13.

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.