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Baltimore Washington Financial Advisors Inc. grew its holdings in shares of SPDR S&P 1500 Momentum Tilt ETF (NYSEARCA:MMTM) by 3.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,409 shares of the company's stock after buying
Momentum investing is likely to be a winning strategy for those seeking higher returns in a short spell.
SPDR S&P 1500 Momentum Tilt ETF uses a momentum-based weighting methodology within the S&P 1500 Composite Index. MMTM's portfolio is heavily concentrated in information technology and its top 10 issuers. Despite marginally outperforming the S&P 1500 since 2012, MMTM shows no significant performance or risk metric gap compared to its parent index.
For investors seeking momentum, SPDR S&P 1500 Momentum Tilt ETF MMTM is probably on the radar. The fund just hit a 52-week high and is up 46.08% from its 52-week low price of $172.61/share.
The rally has been broad-based this year, with momentum investing emerging as a big winner.
Wall Street appears ready to rally, with the S&P 500 notching its eight straight days of gains on Wednesday and the Nasdaq continuing its own streak for nine successive sessions.
This momentum ETF hits a new 52-week high. Are more gains in store for this ETF?
Short-term reversals are the market phenomenon that stocks with particularly bad one-week or month returns are likely to generate outsized returns in the follow
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Transcripts source: company-published earnings calls. Speaker attribution and formatting are processed in-app.