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) reached a new 52-week high on Wednesday. The stock traded as high as $64.89 and last traded at $64.8020, with a volume of 686,834 shares changing hands. The stock had previously closed at $63.83.

SPDR Portfolio S&P 500 Value ETF Price Performance

The stock has a 50 day moving average price of $62.90 and a 200-day moving average price of $60.64. The stock has a market capitalization of $39.40 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BCS Wealth Management grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.5% during the third quarter. BCS Wealth Management now owns 203,160 shares of the company’s stock worth $12,419,000 after buying an additional 1,014 shares in the last quarter. M Holdings Securities Inc. purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter worth about $270,000. Shepherd Financial Partners LLC lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.0% in the third quarter. Shepherd Financial Partners LLC now owns 568,535 shares of the company’s stock worth $34,755,000 after buying an additional 16,532 shares in the last quarter. Avantax Planning Partners Inc. acquired a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $29,733,000. Finally, Brighton Jones LLC acquired a new position in SPDR Portfolio S&P 500 Value ETF during the third quarter worth about $217,000.

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.