SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Hits New 1-Year High – What’s Next?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s stock price reached a new 52-week high on Monday . The company traded as high as $61.76 and last traded at $61.72, with a volume of 735522 shares changing hands. The stock had previously closed at $61.27.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.7%

The company has a market cap of $34.67 billion, a PE ratio of 20.50 and a beta of 0.82. The firm’s 50-day simple moving average is $59.66 and its two-hundred day simple moving average is $58.38.

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

Several large investors have recently bought and sold shares of the stock. Morgan Stanley raised its position in SPDR Portfolio S&P 500 Value ETF by 120.2% during the 4th quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock worth $1,121,873,000 after buying an additional 10,778,683 shares during the last quarter. Allworth Financial LP raised its position in SPDR Portfolio S&P 500 Value ETF by 16.1% during the 3rd quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock worth $1,068,593,000 after buying an additional 2,682,951 shares during the last quarter. Valpey Financial Services LLC raised its position in 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 position in SPDR Portfolio S&P 500 Value ETF by 38.5% during the 4th quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock worth $341,112,000 after buying an additional 1,670,152 shares during the last quarter. Finally, Wellington Management Group LLP purchased a new position in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth approximately $68,850,000.

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.