SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 1-Year High – Still a Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $55.19 and last traded at $55.12, with a volume of 141833 shares. The stock had previously closed at $54.67.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The firm has a market capitalization of $23.86 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81. The company has a 50-day moving average price of $53.19 and a 200-day moving average price of $51.17.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Price T Rowe Associates Inc. MD purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the first quarter worth about $278,000. Tidal Investments LLC grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 39.9% during the first quarter. Tidal Investments LLC now owns 58,477 shares of the company’s stock worth $2,930,000 after acquiring an additional 16,689 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at $424,000. Beacon Capital Management LLC raised its position in SPDR Portfolio S&P 500 Value ETF by 12,825.0% in the 1st quarter. Beacon Capital Management LLC now owns 1,551 shares of the company’s stock valued at $78,000 after purchasing an additional 1,539 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF in the first quarter valued at $228,000.

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.