SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Hits New 12-Month High – Still a Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $61.33 and last traded at $61.25, with a volume of 145930 shares traded. The stock had previously closed at $61.08.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The company has a market capitalization of $34.33 billion, a PE ratio of 20.50 and a beta of 0.82. The company’s 50-day simple moving average is $58.40 and its 200-day simple moving average is $57.87.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Financial Engines Advisors L.L.C. grew its position in SPDR Portfolio S&P 500 Value ETF by 0.8% during the 3rd quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock worth $4,522,086,000 after purchasing an additional 642,820 shares during the last quarter. Morgan Stanley grew 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 purchasing an additional 10,778,683 shares during the last quarter. Allworth Financial LP grew its position in SPDR Portfolio S&P 500 Value ETF by 2.0% during the 4th quarter. Allworth Financial LP now owns 19,695,295 shares of the company’s stock worth $1,118,890,000 after purchasing an additional 382,214 shares during the last quarter. Valmark Advisers Inc. lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.9% in the 1st quarter. Valmark Advisers Inc. now owns 8,996,058 shares of the company’s stock worth $508,997,000 after acquiring an additional 255,913 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock worth $474,565,000 after acquiring an additional 304,642 shares during the period.

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.