SPDR S&P 600 Small CapValue ETF (NYSEARCA:SLYV) Sets New 12-Month Low – Here’s Why

SPDR S&P 600 Small CapValue ETF (NYSEARCA:SLYV)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $73.89 and last traded at $74.43, with a volume of 130524 shares traded. The stock had previously closed at $79.54.

SPDR S&P 600 Small CapValue ETF Trading Down 7.3 %

The stock’s 50-day moving average price is $83.93 and its 200-day moving average price is $87.05. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 13.04 and a beta of 1.18.

SPDR S&P 600 Small CapValue ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a dividend of $0.3599 per share. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On SPDR S&P 600 Small CapValue ETF

A number of hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. grew its stake in SPDR S&P 600 Small CapValue ETF by 118.6% in the third quarter. JPMorgan Chase & Co. now owns 9,009 shares of the company’s stock valued at $782,000 after acquiring an additional 4,887 shares during the period. Allworth Financial LP grew its position in SPDR S&P 600 Small CapValue ETF by 21.4% in the 4th quarter. Allworth Financial LP now owns 4,819 shares of the company’s stock valued at $430,000 after purchasing an additional 849 shares during the period. Meridian Wealth Management LLC increased its stake in SPDR S&P 600 Small CapValue ETF by 10.6% during the 4th quarter. Meridian Wealth Management LLC now owns 5,005 shares of the company’s stock valued at $437,000 after purchasing an additional 479 shares in the last quarter. Wrenne Financial Planning LLC raised its holdings in SPDR S&P 600 Small CapValue ETF by 7.2% during the fourth quarter. Wrenne Financial Planning LLC now owns 176,756 shares of the company’s stock worth $15,422,000 after buying an additional 11,903 shares during the last quarter. Finally, Cornerstone Wealth Management LLC lifted its stake in shares of SPDR S&P 600 Small CapValue ETF by 8.2% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,880 shares of the company’s stock valued at $339,000 after buying an additional 293 shares in the last quarter.

SPDR S&P 600 Small CapValue ETF Company Profile

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.