SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 1-Year High – What’s Next?

Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.72 and last traded at $62.72, with a volume of 121045 shares. The stock had previously closed at $62.24.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The firm has a fifty day moving average price of $61.26 and a 200 day moving average price of $59.40. The stock has a market cap of $36.24 billion, a PE ratio of 20.50 and a beta of 0.82.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPYV. Key Capital Management INC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $25,000. Highline Wealth Partners LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% during the fourth quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock valued at $26,000 after acquiring an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at approximately $26,000. Meramec Financial Planners LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at approximately $28,000. Finally, Signature Equity Partners LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 163.2% in the 1st quarter. Signature Equity Partners LLC now owns 500 shares of the company’s stock worth $28,000 after purchasing an additional 310 shares in the last quarter.

About SPDR Portfolio S&P 500 Value ETF

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.