SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 52-Week High – Time to Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $60.35 and last traded at $60.31, with a volume of 1801893 shares trading hands. The stock had previously closed at $59.97.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The company has a market capitalization of $33.85 billion, a P/E ratio of 20.50 and a beta of 0.82. The stock has a 50 day moving average price of $57.94 and a 200 day moving average price of $57.47.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Value ETF

A number of hedge funds have recently made changes to their positions in SPYV. Morgan Stanley raised its stake in shares of 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 period. Vantagepoint Investment Advisers LLC purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth about $246,963,000. Allworth Financial LP increased its holdings in SPDR Portfolio S&P 500 Value ETF by 16.1% in the 3rd quarter. Allworth Financial LP now owns 19,313,081 shares of the company’s stock worth $1,068,593,000 after acquiring an additional 2,682,951 shares during the last quarter. Valpey Financial Services LLC increased its holdings in SPDR Portfolio S&P 500 Value ETF by 5,865.0% in the 4th quarter. Valpey Financial Services LLC now owns 2,133,308 shares of the company’s stock worth $121,193,000 after acquiring an additional 2,097,544 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in SPDR Portfolio S&P 500 Value ETF by 38.5% in the 4th quarter. Royal Bank of Canada now owns 6,004,456 shares of the company’s stock worth $341,112,000 after acquiring an additional 1,670,152 shares during the last quarter.

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.