SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 52-Week High – Here’s What Happened

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $63.84 and last traded at $63.56, with a volume of 1005 shares changing hands. The stock had previously closed at $63.78.

SPDR Portfolio S&P 500 Value ETF Price Performance

The firm has a market capitalization of $37.06 billion, a PE ratio of 20.50 and a beta of 0.82. The firm’s fifty day moving average is $61.75 and its two-hundred day moving average is $59.82.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPYV. Morgan Stanley boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 120.2% in the fourth quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after acquiring an additional 10,778,683 shares in the last quarter. Valpey Financial Services LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5,865.0% during the 4th quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock worth $121,193,000 after buying an additional 2,097,544 shares during the last quarter. Royal Bank of Canada raised its holdings in SPDR Portfolio S&P 500 Value ETF by 38.5% in the 4th quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock valued at $341,112,000 after buying an additional 1,670,152 shares during the period. Wellington Management Group LLP acquired a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth $68,850,000. Finally, 71 West Capital Partners acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF in the fourth quarter valued at approximately $59,561,000.

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.