SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Reaches New 12-Month High – Should You Buy?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $95.20 and last traded at $95.28, with a volume of 28995 shares traded. The stock had previously closed at $93.66.

SPDR S&P 600 Small Cap Value ETF Trading Up 2.2%

The stock’s fifty day simple moving average is $90.65 and its 200-day simple moving average is $87.41. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of 14.20 and a beta of 1.08.

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

Institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC acquired a new stake in shares of SPDR S&P 600 Small Cap Value ETF in the first quarter valued at about $918,000. NewEdge Advisors LLC increased its holdings in SPDR S&P 600 Small Cap Value ETF by 218.8% in the 1st quarter. NewEdge Advisors LLC now owns 4,170 shares of the company’s stock valued at $327,000 after purchasing an additional 2,862 shares in the last quarter. Waller Financial Planning Group Inc. lifted its position in shares of SPDR S&P 600 Small Cap Value ETF by 27.5% during the second quarter. Waller Financial Planning Group Inc. now owns 60,043 shares of the company’s stock worth $4,789,000 after purchasing an additional 12,954 shares in the last quarter. Marotta Asset Management grew its stake in shares of SPDR S&P 600 Small Cap Value ETF by 14.8% during the second quarter. Marotta Asset Management now owns 48,210 shares of the company’s stock valued at $3,845,000 after acquiring an additional 6,223 shares in the last quarter. Finally, Advance Capital Management Inc. increased its holdings in SPDR S&P 600 Small Cap Value ETF by 6.8% during the 2nd quarter. Advance Capital Management Inc. now owns 9,970 shares of the company’s stock worth $795,000 after purchasing an additional 632 shares during the last quarter.

About SPDR S&P 600 Small Cap Value ETF

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. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.