SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 52-Week High – What’s Next?

Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high during trading on Monday . The stock traded as high as $61.76 and last traded at $61.72, with a volume of 735522 shares. The stock had previously closed at $61.27.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.1%

The firm has a market cap of $34.61 billion, a PE ratio of 20.50 and a beta of 0.82. The firm’s 50 day simple moving average is $59.85 and its 200 day simple moving average is $58.45.

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

Several hedge funds have recently bought and sold shares of SPYV. Asempa Wealth Advisors purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $945,000. ERn Financial LLC raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.9% during the 4th quarter. ERn Financial LLC now owns 676,263 shares of the company’s stock valued at $38,419,000 after buying an additional 31,736 shares in the last quarter. Fifth Third Bancorp grew its holdings in SPDR Portfolio S&P 500 Value ETF by 4.8% during the 3rd quarter. Fifth Third Bancorp now owns 275,282 shares of the company’s stock valued at $15,231,000 after purchasing an additional 12,700 shares during the last quarter. CIBC Bancorp USA Inc. bought a new position in SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $10,928,000. Finally, TIAA Trust National Association grew its holdings in SPDR Portfolio S&P 500 Value ETF by 13.3% during the 3rd quarter. TIAA Trust National Association now owns 4,330,027 shares of the company’s stock valued at $239,580,000 after purchasing an additional 506,795 shares during the last quarter.

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.