SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 12-Month High – Time to Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high on Wednesday . The stock traded as high as $53.97 and last traded at $53.90, with a volume of 32403 shares changing hands. The stock had previously closed at $52.66.

SPDR Portfolio S&P 500 Value ETF Stock Up 2.4 %

The company’s fifty day simple moving average is $52.56 and its two-hundred day simple moving average is $50.58. The company has a market capitalization of $23.38 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81.

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

A number of institutional investors have recently added to or reduced their stakes in SPYV. Financial Council LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.3% in the first quarter. Financial Council LLC now owns 186,788 shares of the company’s stock worth $9,358,000 after purchasing an additional 6,011 shares in the last quarter. Advisory Alpha LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 15.8% during the 1st quarter. Advisory Alpha LLC now owns 3,876,313 shares of the company’s stock valued at $194,207,000 after buying an additional 529,904 shares in the last quarter. Motive Wealth Advisors lifted its position in SPDR Portfolio S&P 500 Value ETF by 58.6% in the first quarter. Motive Wealth Advisors now owns 135,993 shares of the company’s stock worth $6,813,000 after buying an additional 50,230 shares during the last quarter. Wealthspire Advisors LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.5% during the first quarter. Wealthspire Advisors LLC now owns 25,018 shares of the company’s stock valued at $1,253,000 after buying an additional 381 shares during the period. Finally, TAGStone Capital Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 7.1% in the first quarter. TAGStone Capital Inc. now owns 93,423 shares of the company’s stock worth $4,680,000 after acquiring an additional 6,199 shares in the last quarter.

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.