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

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

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

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

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

A number of institutional investors have recently added to or reduced their stakes in SPYV. Key Capital Management INC purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter worth about $25,000. Highline Wealth Partners LLC boosted its holdings in 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 buying an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at about $26,000. Abich Financial Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter valued at about $27,000. Finally, Meramec Financial Planners LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the first quarter valued at about $28,000.

SPDR Portfolio S&P 500 Value ETF Company Profile

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.