SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Hits New 52-Week High – Time to Buy?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV)’s share price reached a new 52-week high on Thursday . The stock traded as high as $110.05 and last traded at $108.86, with a volume of 466903 shares changing hands. The stock had previously closed at $109.11.

SPDR S&P 600 Small Cap Value ETF Price Performance

The company’s 50-day moving average price is $104.46 and its 200-day moving average price is $99.14. The company has a market cap of $4.83 billion, a P/E ratio of 14.20 and a beta of 0.99.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLYV. LPL Financial LLC increased its holdings in SPDR S&P 600 Small Cap Value ETF by 2.6% during the 4th quarter. LPL Financial LLC now owns 5,653,562 shares of the company’s stock worth $514,305,000 after purchasing an additional 141,113 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of SPDR S&P 600 Small Cap Value ETF by 4.5% during the third quarter. Bank of America Corp DE now owns 2,273,012 shares of the company’s stock worth $201,502,000 after buying an additional 97,895 shares in the last quarter. Cannon Financial Strategists Inc. raised its position in SPDR S&P 600 Small Cap Value ETF by 0.8% in the 4th quarter. Cannon Financial Strategists Inc. now owns 1,001,946 shares of the company’s stock valued at $91,147,000 after buying an additional 7,803 shares during the last quarter. Ameriprise Financial Inc. raised its position in SPDR S&P 600 Small Cap Value ETF by 3.0% in the 3rd 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 position in SPDR S&P 600 Small Cap Value ETF by 25.2% in the 3rd 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.

SPDR S&P 600 Small Cap Value ETF Company Profile

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.