SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Hits New 12-Month High – What’s Next?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $106.58 and last traded at $106.56, with a volume of 134410 shares traded. The stock had previously closed at $104.68.

SPDR S&P 600 Small Cap Value ETF Stock Down 0.5%

The stock has a 50-day simple moving average of $101.57 and a 200-day simple moving average of $97.41. The firm has a market capitalization of $4.67 billion, a PE ratio of 14.20 and a beta of 1.00.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Value ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLYV. AQR Capital Management LLC purchased a new position in SPDR S&P 600 Small Cap Value ETF during the first quarter worth about $918,000. NewEdge Advisors LLC grew its position in SPDR S&P 600 Small Cap Value ETF by 218.8% during the first quarter. NewEdge Advisors LLC now owns 4,170 shares of the company’s stock worth $327,000 after buying an additional 2,862 shares in the last quarter. JPMorgan Chase & Co. grew its position in SPDR S&P 600 Small Cap Value ETF by 14.3% during the second quarter. JPMorgan Chase & Co. now owns 15,253 shares of the company’s stock worth $1,217,000 after buying an additional 1,908 shares in the last quarter. Cresset Asset Management LLC purchased a new position in SPDR S&P 600 Small Cap Value ETF during the second quarter worth about $328,000. Finally, Flow Traders U.S. LLC purchased a new position in SPDR S&P 600 Small Cap Value ETF during the second quarter worth about $240,000.

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.