SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Reaches New 1-Year High – Still a Buy?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $104.42 and last traded at $104.41, with a volume of 8595 shares trading hands. The stock had previously closed at $103.36.

SPDR S&P 600 Small Cap Value ETF Stock Up 0.8%

The company’s 50 day moving average price is $98.80 and its two-hundred day moving average price is $95.96. The stock has a market cap of $4.63 billion, a P/E ratio of 14.20 and a beta of 1.01.

Institutional Trading of SPDR S&P 600 Small Cap Value ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P 600 Small Cap Value ETF during the fourth quarter valued at approximately $32,000. Sunbelt Securities Inc. increased its holdings in SPDR S&P 600 Small Cap Value ETF by 369.2% during the third quarter. Sunbelt Securities Inc. now owns 366 shares of the company’s stock valued at $32,000 after buying an additional 288 shares during the period. Founders Financial Alliance LLC purchased a new position in SPDR S&P 600 Small Cap Value ETF during the third quarter valued at approximately $33,000. Abound Financial LLC purchased a new position in SPDR S&P 600 Small Cap Value ETF during the fourth quarter valued at approximately $35,000. Finally, Park National Corp OH purchased a new position in SPDR S&P 600 Small Cap Value ETF during the first quarter valued at approximately $39,000.

SPDR S&P 600 Small Cap Value ETF Company Profile

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.