SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 1-Year High – Here’s What Happened

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) reached a new 52-week high during trading on Thursday. The stock traded as high as $64.52 and last traded at $64.4850, with a volume of 210,320 shares trading hands. The stock had previously closed at $64.06.

SPDR Portfolio S&P 500 Value ETF Price Performance

The stock has a 50 day simple moving average of $62.85 and a two-hundred day simple moving average of $60.52. The company has a market cap of $39.01 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 institutional investors and hedge funds have recently made changes to their positions in the stock. Hartford Financial Management Inc. purchased a new position in SPDR Portfolio S&P 500 Value ETF in the third quarter valued at $26,000. Foresight Capital Management Advisors Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $26,000. Davis Capital Management acquired a new stake in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter valued at about $27,000. Meramec Financial Planners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the first quarter valued at $28,000. Finally, Signature Equity Partners LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 163.2% during the 1st quarter. Signature Equity Partners LLC now owns 500 shares of the company’s stock worth $28,000 after acquiring an additional 310 shares during the period.

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.