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

Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) reached a new 52-week high on Thursday . The company traded as high as $59.75 and last traded at $59.67, with a volume of 1665229 shares trading hands. The stock had previously closed at $59.15.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The company has a market cap of $33.63 billion, a P/E ratio of 20.50 and a beta of 0.84. The stock has a 50-day moving average of $57.88 and a two-hundred day moving average of $57.35.

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Key Capital Management INC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth $25,000. Highline Wealth Partners LLC increased its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 229.2% in the 4th quarter. Highline Wealth Partners LLC now owns 451 shares of the company’s stock worth $26,000 after purchasing an additional 314 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth $26,000. Abich Financial Wealth Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth $27,000. Finally, Meramec Financial Planners LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth $28,000.

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.