SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 1-Year High – Here’s Why

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $60.52 and last traded at $60.39, with a volume of 1235809 shares changing hands. The stock had previously closed at $60.11.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.6%

The company has a market cap of $33.98 billion, a PE ratio of 20.50 and a beta of 0.82. The firm’s fifty day simple moving average is $58.14 and its 200-day simple moving average is $57.73.

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Western Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 8.4% in the first quarter. Western Wealth Management LLC now owns 479,814 shares of the company’s stock valued at $27,148,000 after purchasing an additional 37,214 shares in the last quarter. Financial Insights Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 6.9% in the first quarter. Financial Insights Inc. now owns 17,818 shares of the company’s stock valued at $1,008,000 after purchasing an additional 1,150 shares in the last quarter. Arkadios Wealth Advisors lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 19.0% in the first quarter. Arkadios Wealth Advisors now owns 43,137 shares of the company’s stock valued at $2,441,000 after purchasing an additional 6,892 shares in the last quarter. IFS Group LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the first quarter valued at about $225,000. Finally, Empowered Funds LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 295.9% in the first quarter. Empowered Funds LLC now owns 26,638 shares of the company’s stock valued at $1,507,000 after buying an additional 19,909 shares during 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.