SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Reaches New 1-Year High – Here’s Why

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $104.12 and last traded at $103.87, with a volume of 28731 shares traded. The stock had previously closed at $103.25.

SPDR S&P 600 Small Cap Value ETF Price Performance

The stock has a fifty day moving average of $97.38 and a 200 day moving average of $94.67. The firm has a market capitalization of $4.62 billion, a P/E ratio of 14.20 and a beta of 1.01.

Institutional Trading of SPDR S&P 600 Small Cap Value ETF

Hedge funds have recently made changes to their positions in the company. FAS Wealth Partners Inc. raised its stake in shares of SPDR S&P 600 Small Cap Value ETF by 5.1% in the third quarter. FAS Wealth Partners Inc. now owns 169,137 shares of the company’s stock valued at $14,994,000 after buying an additional 8,246 shares during the period. Ground Swell Capital LLC bought a new stake in shares of SPDR S&P 600 Small Cap Value ETF in the third quarter valued at $505,000. Altfest L J & Co. Inc. raised its stake in shares of SPDR S&P 600 Small Cap Value ETF by 63.6% in the fourth quarter. Altfest L J & Co. Inc. now owns 23,586 shares of the company’s stock valued at $2,146,000 after buying an additional 9,166 shares during the period. CarsonAllaria Wealth Management Ltd. raised its stake in shares of SPDR S&P 600 Small Cap Value ETF by 4.5% in the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 122,319 shares of the company’s stock valued at $11,127,000 after buying an additional 5,223 shares during the period. Finally, Dean Jacobson Financial Services LLC bought a new stake in shares of SPDR S&P 600 Small Cap Value ETF in the third quarter valued at $24,536,000.

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.