SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Reaches New 1-Year High – Still a Buy?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $104.42 and last traded at $104.41, with a volume of 8595 shares changing hands. The stock had previously closed at $103.36.

SPDR S&P 600 Small Cap Value ETF Stock Up 0.8%

The firm has a market cap of $4.63 billion, a P/E ratio of 14.20 and a beta of 1.01. The company’s 50 day simple moving average is $98.80 and its 200-day simple moving average is $95.96.

Institutional Trading of SPDR S&P 600 Small Cap Value ETF

Several institutional investors have recently added to or reduced their stakes in SLYV. Morningstar Investment Management LLC bought a new stake in SPDR S&P 600 Small Cap Value ETF in the third quarter worth about $35,515,000. Dean Jacobson Financial Services LLC bought a new stake in SPDR S&P 600 Small Cap Value ETF in the third quarter worth about $24,536,000. OpenArc Corporate Advisory LLC bought a new stake in SPDR S&P 600 Small Cap Value ETF in the fourth quarter worth about $23,409,000. WCG Wealth Advisors LLC lifted its stake in 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 worth $33,678,000 after purchasing an additional 238,253 shares during the last quarter. Finally, Waverly Advisors LLC lifted its stake in SPDR S&P 600 Small Cap Value ETF by 418.4% in the first quarter. Waverly Advisors LLC now owns 235,509 shares of the company’s stock worth $22,274,000 after purchasing an additional 190,080 shares during the last quarter.

About SPDR S&P 600 Small Cap Value ETF

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.