SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Hits New 12-Month High – Should You Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $59.53 and last traded at $59.4950, with a volume of 139776 shares changing hands. The stock had previously closed at $59.34.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.3%

The company’s fifty day moving average price is $57.64 and its two-hundred day moving average price is $55.89. The company has a market cap of $33.17 billion, a price-to-earnings ratio of 20.50 and a beta of 0.89.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPYV. Key Capital Management INC acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at approximately $25,000. Highline Wealth Partners LLC grew its stake in shares of 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 acquiring an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at approximately $26,000. Abich Financial Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $27,000. Finally, Triumph Capital Management purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the third quarter worth $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.