SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 52-Week High – What’s Next?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) reached a new 52-week high on Thursday . The company traded as high as $60.37 and last traded at $60.36, with a volume of 111276 shares. The stock had previously closed at $60.18.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The stock has a market capitalization of $33.91 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The business has a 50-day moving average of $58.02 and a 200-day moving average of $57.62.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Value ETF

Institutional investors and hedge funds have recently made changes to their positions in the stock. Financial Engines Advisors L.L.C. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.8% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock worth $4,522,086,000 after acquiring an additional 642,820 shares during the last quarter. Morgan Stanley increased its holdings in SPDR Portfolio S&P 500 Value ETF by 120.2% in the 4th quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock valued at $1,121,873,000 after purchasing an additional 10,778,683 shares during the last quarter. Allworth Financial LP raised its position in SPDR Portfolio S&P 500 Value ETF by 2.0% in the fourth quarter. Allworth Financial LP now owns 19,695,295 shares of the company’s stock valued at $1,118,890,000 after purchasing an additional 382,214 shares during the period. Valmark Advisers Inc. lifted its stake in SPDR Portfolio S&P 500 Value ETF by 2.9% during the first quarter. Valmark Advisers Inc. now owns 8,996,058 shares of the company’s stock worth $508,997,000 after purchasing an additional 255,913 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its stake in SPDR Portfolio S&P 500 Value ETF by 3.7% during the third quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock worth $474,565,000 after purchasing an additional 304,642 shares in the last quarter.

SPDR Portfolio S&P 500 Value ETF Company Profile

SPDR S&P 500 Value ETF (the Fund), formerly SPDR Dow Jones Large Cap Value ETF, seeks to closely match the returns and characteristics of the S&P 500 Value Index. The S&P 500 Value Index measures the performance of the large-capitalization value sector in the United States equity market. The Index consists of those stocks in the S&P 500 Index exhibiting the strongest value characteristics based on book value to price ratio; earnings to price ratio, and sales to price ratio. The selection universe for the S&P 500 Index includes all United States common equities listed on the New York Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) Global Select Market, NASDAQ Select Market and NASDAQ Capital Market with market capitalizations of $3.5 billion or more.