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

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) shares reached a new 52-week high on Tuesday . The company traded as high as $61.33 and last traded at $61.25, with a volume of 145930 shares changing hands. The stock had previously closed at $61.08.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.0%

The stock’s 50-day moving average is $58.57 and its 200-day moving average is $57.95. The firm has a market capitalization of $34.33 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

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

A number of hedge funds have recently modified their holdings of SPYV. Asempa Wealth Advisors bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at approximately $945,000. AE Wealth Management LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 19.5% in the 3rd quarter. AE Wealth Management LLC now owns 3,117,992 shares of the company’s stock worth $172,519,000 after purchasing an additional 509,151 shares during the period. ERn Financial LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 4.9% in the 4th quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock worth $38,419,000 after purchasing an additional 31,736 shares during the period. Slagle Financial LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 30.0% during the 3rd quarter. Slagle Financial LLC now owns 42,654 shares of the company’s stock valued at $2,360,000 after buying an additional 9,831 shares in the last quarter. Finally, Fifth Third Bancorp grew its holdings in SPDR Portfolio S&P 500 Value ETF by 4.8% during the 3rd quarter. Fifth Third Bancorp now owns 275,282 shares of the company’s stock valued at $15,231,000 after buying an additional 12,700 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.