SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Sees Large Volume Increase – Time to Buy?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) shares saw unusually-high trading volume on Friday . 338,053 shares changed hands during trading, an increase of 37% from the previous session’s volume of 246,054 shares.The stock last traded at $107.94 and had previously closed at $108.31.

SPDR S&P 600 Small Cap Value ETF Stock Performance

The firm has a market cap of $4.88 billion, a P/E ratio of 14.20 and a beta of 0.99. The firm has a fifty day moving average of $107.03 and a 200-day moving average of $101.41.

Institutional Investors Weigh In On SPDR S&P 600 Small Cap Value ETF

A number of hedge funds have recently added to or reduced their stakes in SLYV. LPL Financial LLC grew its position in shares of SPDR S&P 600 Small Cap Value ETF by 2.6% during the fourth quarter. LPL Financial LLC now owns 5,653,562 shares of the company’s stock worth $514,305,000 after acquiring an additional 141,113 shares during the last quarter. Bank of America Corp DE increased its stake in shares of SPDR S&P 600 Small Cap Value ETF by 4.5% in the third quarter. Bank of America Corp DE now owns 2,273,012 shares of the company’s stock valued at $201,502,000 after purchasing an additional 97,895 shares during the period. Cannon Financial Strategists Inc. increased its stake in shares of SPDR S&P 600 Small Cap Value ETF by 0.8% in the fourth quarter. Cannon Financial Strategists Inc. now owns 1,001,946 shares of the company’s stock valued at $91,147,000 after purchasing an additional 7,803 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of SPDR S&P 600 Small Cap Value ETF by 3.0% during the third quarter. Ameriprise Financial Inc. now owns 693,161 shares of the company’s stock valued at $61,476,000 after buying an additional 20,476 shares during the last quarter. Finally, Creative Planning raised its holdings in shares of SPDR S&P 600 Small Cap Value ETF by 25.2% during the third quarter. Creative Planning now owns 476,621 shares of the company’s stock valued at $42,252,000 after buying an additional 95,972 shares during the last quarter.

About SPDR S&P 600 Small Cap Value ETF

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.