Momentum ETF (MMTM) reached a new 52-week high, showing strong performance

From Zacks Investment Research: 2024-09-26 21:38:22

The SPDR S&P 1500 Momentum Tilt ETF (MMTM) has hit a 52-week high, up 46.08% from its low. The fund follows the S&P 1500 Positive Momentum Tilt Index, overweighting high momentum stocks. Momentum investing has gained interest following the Fed’s September rate cut, with expectations of more cuts driving the market rally. MMTM has a Medium risk outlook but a positive weighted alpha of 37.15, indicating potential for further gains. The fund charges 12 bps in annual fees and could be a strong performer in the near future.



Read more at Zacks Investment Research: Momentum ETF (MMTM) Hits New 52-Week High – September 26, 2024