SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 12-Month High – What’s Next?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s share price reached a new 52-week high on Wednesday. The stock traded as high as $64.89 and last traded at $64.8020, with a volume of 686,834 shares. The stock had previously closed at $63.83.

SPDR Portfolio S&P 500 Value ETF Price Performance

The company has a 50-day moving average price of $62.93 and a 200-day moving average price of $60.70. The firm has a market capitalization of $38.35 billion, a PE ratio of 20.50 and a beta of 0.82.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Avior Wealth Management LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter valued at about $46,088,000. Waller Financial Planning Group Inc. grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 6.2% in the 3rd quarter. Waller Financial Planning Group Inc. now owns 613,847 shares of the company’s stock worth $37,524,000 after purchasing an additional 36,059 shares during the last quarter. Mather Group LLC. bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $621,000. Tidal Investments LLC raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 45.2% in the 2nd quarter. Tidal Investments LLC now owns 29,874 shares of the company’s stock worth $1,816,000 after purchasing an additional 9,296 shares in the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 3rd quarter worth approximately $640,000.

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.