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

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s stock price hit a new 52-week high during trading on Thursday . The company traded as high as $58.37 and last traded at $58.2930, with a volume of 82359 shares changing hands. The stock had previously closed at $58.21.

SPDR Portfolio S&P 500 Value ETF Price Performance

The stock has a market capitalization of $32.36 billion, a PE ratio of 20.50 and a beta of 0.89. The company has a 50-day moving average of $56.90 and a two-hundred day moving average of $55.26.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SPYV. Highline Wealth Partners LLC raised 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 worth $26,000 after acquiring an additional 314 shares in the last quarter. Fiduciary Advisors Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 2nd quarter worth about $26,000. Abich Financial Wealth Management LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $27,000. Tompkins Financial Corp grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 4,681.8% in the 2nd quarter. Tompkins Financial Corp now owns 526 shares of the company’s stock valued at $28,000 after buying an additional 515 shares in the last quarter. Finally, Triumph Capital Management acquired a new position in SPDR Portfolio S&P 500 Value ETF in the third quarter worth approximately $30,000.

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.