SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 12-Month High – Here’s Why

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) reached a new 52-week high on Thursday . The company traded as high as $60.37 and last traded at $60.36, with a volume of 111276 shares traded. The stock had previously closed at $60.18.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The business has a 50 day simple moving average of $58.02 and a 200-day simple moving average of $57.62. The firm has a market capitalization of $33.91 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

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

A number of institutional investors have recently bought and sold shares of the company. Gibbs Wealth Management increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 130.1% during the 1st quarter. Gibbs Wealth Management now owns 434,660 shares of the company’s stock worth $24,593,000 after buying an additional 245,756 shares during the last quarter. Sei Investments Co. lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 4.3% in the first quarter. Sei Investments Co. now owns 11,150 shares of the company’s stock valued at $631,000 after acquiring an additional 460 shares during the last quarter. Cetera Investment Advisers grew its position in SPDR Portfolio S&P 500 Value ETF by 5.8% in the first quarter. Cetera Investment Advisers now owns 4,205,952 shares of the company’s stock worth $237,973,000 after acquiring an additional 230,152 shares during the period. Signature Equity Partners LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 163.2% during the first quarter. Signature Equity Partners LLC now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares during the last quarter. Finally, NewEdge Wealth LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 8.7% during the first quarter. NewEdge Wealth LLC now owns 12,584 shares of the company’s stock worth $712,000 after acquiring an additional 1,006 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.