SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 12-Month High – What’s Next?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s share price hit a new 52-week high on Monday . The stock traded as high as $58.51 and last traded at $58.51, with a volume of 550202 shares traded. The stock had previously closed at $58.17.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.9%

The firm has a 50 day moving average price of $57.44 and a 200 day moving average price of $55.73. The stock has a market capitalization of $32.95 billion, a PE ratio of 20.50 and a beta of 0.89.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Key Capital Management INC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at about $25,000. Highline Wealth Partners LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 229.2% in the 4th quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock worth $26,000 after purchasing an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at approximately $26,000. Abich Financial Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter valued at approximately $27,000. Finally, Triumph Capital Management purchased a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter valued at $30,000.

About SPDR Portfolio S&P 500 Value ETF

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.