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

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) reached a new 52-week high during trading on Tuesday . The company traded as high as $61.33 and last traded at $61.25, with a volume of 145930 shares changing hands. The stock had previously closed at $61.08.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The stock’s 50-day moving average is $58.40 and its 200 day moving average is $57.87. The stock has a market capitalization of $34.33 billion, a PE ratio of 20.50 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Key Capital Management INC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter valued at $25,000. Highline Wealth Partners LLC grew its position in SPDR Portfolio S&P 500 Value ETF by 229.2% during 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 during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR Portfolio S&P 500 Value ETF during the 4th quarter worth $26,000. Abich Financial Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth $27,000. Finally, Meramec Financial Planners LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF during the 1st quarter worth $28,000.

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.