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 stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $100.47 and last traded at $100.0520, with a volume of 55279 shares traded. The stock had previously closed at $98.02.

SPDR S&P 600 Small Cap Value ETF Price Performance

The company has a market capitalization of $4.52 billion, a P/E ratio of 14.20 and a beta of 1.08. The company has a fifty day simple moving average of $94.14 and a two-hundred day simple moving average of $89.51.

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

A number of institutional investors have recently modified their holdings of SLYV. One Day In July LLC lifted its stake in shares of SPDR S&P 600 Small Cap Value ETF by 10.8% in the fourth quarter. One Day In July LLC now owns 184,922 shares of the company’s stock worth $16,822,000 after buying an additional 17,993 shares during the last quarter. Meridian Wealth Management LLC raised its holdings in SPDR S&P 600 Small Cap Value ETF by 17.0% in the 4th quarter. Meridian Wealth Management LLC now owns 4,434 shares of the company’s stock worth $403,000 after acquiring an additional 643 shares during the period. Bailard Inc. lifted its position in SPDR S&P 600 Small Cap Value ETF by 0.4% during the 4th quarter. Bailard Inc. now owns 37,920 shares of the company’s stock worth $3,450,000 after acquiring an additional 147 shares during the last quarter. Cannon Financial Strategists Inc. boosted its holdings in SPDR S&P 600 Small Cap Value ETF by 0.8% during the fourth quarter. Cannon Financial Strategists Inc. now owns 1,001,946 shares of the company’s stock valued at $91,147,000 after acquiring an additional 7,803 shares during the period. Finally, UNIVEST FINANCIAL Corp grew its position in shares of SPDR S&P 600 Small Cap Value ETF by 34.6% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 28,478 shares of the company’s stock valued at $2,591,000 after purchasing an additional 7,323 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.