SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Reaches New 1-Year High – Here’s Why

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $104.12 and last traded at $103.87, with a volume of 28731 shares trading hands. The stock had previously closed at $103.25.

SPDR S&P 600 Small Cap Value ETF Stock Up 0.6%

The company has a market capitalization of $4.62 billion, a PE ratio of 14.20 and a beta of 1.01. The company has a 50-day moving average price of $97.38 and a two-hundred day moving average price of $94.67.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Value ETF

Several hedge funds have recently made changes to their positions in SLYV. Morningstar Investment Management LLC purchased a new position in shares of SPDR S&P 600 Small Cap Value ETF in the third quarter valued at $35,515,000. Dean Jacobson Financial Services LLC purchased a new position in shares of SPDR S&P 600 Small Cap Value ETF in the third quarter valued at $24,536,000. OpenArc Corporate Advisory LLC purchased a new position in shares of SPDR S&P 600 Small Cap Value ETF in the fourth quarter valued at $23,409,000. WCG Wealth Advisors LLC grew its position in shares of SPDR S&P 600 Small Cap Value ETF by 180.6% in the fourth quarter. WCG Wealth Advisors LLC now owns 370,199 shares of the company’s stock valued at $33,678,000 after purchasing an additional 238,253 shares in the last quarter. Finally, LPL Financial LLC grew its position in shares of SPDR S&P 600 Small Cap Value ETF by 2.6% in the fourth quarter. LPL Financial LLC now owns 5,653,562 shares of the company’s stock valued at $514,305,000 after purchasing an additional 141,113 shares in the last quarter.

SPDR S&P 600 Small Cap Value ETF Company Profile

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.