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

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $61.90 and last traded at $61.85, with a volume of 990967 shares. The stock had previously closed at $61.64.

SPDR Portfolio S&P 500 Value ETF Price Performance

The company’s 50 day moving average is $60.54 and its 200 day moving average is $58.82. The stock has a market cap of $35.92 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

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

A number of large investors have recently added to or reduced their stakes in SPYV. Confluence Investment Management LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 32.5% during the 2nd quarter. Confluence Investment Management LLC now owns 1,047,254 shares of the company’s stock worth $63,663,000 after purchasing an additional 256,850 shares during the last quarter. Marathon Mission Inc. grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 6.7% during the second quarter. Marathon Mission Inc. now owns 493,644 shares of the company’s stock worth $30,009,000 after buying an additional 31,113 shares in the last quarter. Western Wealth Management LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 8.4% during the first quarter. Western Wealth Management LLC now owns 479,814 shares of the company’s stock valued at $27,148,000 after buying an additional 37,214 shares during the period. Town Capital LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 104.0% in the 1st quarter. Town Capital LLC now owns 169,388 shares of the company’s stock worth $9,584,000 after acquiring an additional 86,373 shares during the period. Finally, Financial Solutions Advisory Group Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at $479,000.

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. 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.