SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 12-Month High – Time to Buy?

Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $59.53 and last traded at $59.4950, with a volume of 139776 shares traded. The stock had previously closed at $59.34.

SPDR Portfolio S&P 500 Value ETF Stock Up 0.3%

The company has a market cap of $33.17 billion, a PE ratio of 20.50 and a beta of 0.89. The stock has a 50-day moving average of $57.64 and a 200-day moving average of $55.89.

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

Several institutional investors and hedge funds have recently bought and sold shares of SPYV. Farther Finance Advisors LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 13.8% in the third quarter. Farther Finance Advisors LLC now owns 176,237 shares of the company’s stock worth $9,751,000 after buying an additional 21,383 shares during the period. ERn Financial LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 11.2% during the third quarter. ERn Financial LLC now owns 644,527 shares of the company’s stock valued at $35,662,000 after purchasing an additional 64,828 shares during the last quarter. Destiny Capital Corp CO lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 7.4% during the third quarter. Destiny Capital Corp CO now owns 357,542 shares of the company’s stock worth $19,783,000 after buying an additional 24,508 shares during the last quarter. AE Wealth Management LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 19.5% during the third quarter. AE Wealth Management LLC now owns 3,117,992 shares of the company’s stock valued at $172,519,000 after acquiring an additional 509,151 shares during the period. Finally, Capital Advisory Group Advisory Services LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 10.2% in the third quarter. Capital Advisory Group Advisory Services LLC now owns 146,694 shares of the company’s stock valued at $8,117,000 after acquiring an additional 13,540 shares during the period.

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.