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

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $60.52 and last traded at $60.39, with a volume of 1235809 shares changing hands. The stock had previously closed at $60.11.

SPDR Portfolio S&P 500 Value ETF Price Performance

The company has a market capitalization of $34.36 billion, a PE ratio of 20.50 and a beta of 0.82. The firm has a 50-day moving average of $58.25 and a 200 day moving average of $57.80.

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

Several institutional investors have recently modified their holdings of the business. Verus Capital Partners LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.5% during the first quarter. Verus Capital Partners LLC now owns 305,401 shares of the company’s stock valued at $17,280,000 after buying an additional 13,104 shares during the last quarter. JDM Financial Group LLC boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 0.8% during the first quarter. JDM Financial Group LLC now owns 64,864 shares of the company’s stock valued at $3,670,000 after buying an additional 535 shares during the last quarter. Cadia Private Client LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 36.5% in the first quarter. Cadia Private Client LLC now owns 11,349 shares of the company’s stock valued at $642,000 after acquiring an additional 3,034 shares during the period. Western Wealth Management LLC lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 8.4% in the first quarter. Western Wealth Management LLC now owns 479,814 shares of the company’s stock valued at $27,148,000 after acquiring an additional 37,214 shares during the period. Finally, Financial Insights Inc. lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 6.9% in the first quarter. Financial Insights Inc. now owns 17,818 shares of the company’s stock valued at $1,008,000 after acquiring an additional 1,150 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.