SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 1-Year High – Should You Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $62.98 and last traded at $62.98, with a volume of 821012 shares traded. The stock had previously closed at $62.42.

SPDR Portfolio S&P 500 Value ETF Price Performance

The company has a market cap of $36.79 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The business has a 50 day simple moving average of $61.34 and a 200 day simple moving average of $59.49.

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 13.9% during the first quarter. AQR Capital Management LLC now owns 65,816 shares of the company’s stock worth $3,361,000 after buying an additional 8,012 shares during the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 330.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,202 shares of the company’s stock valued at $272,000 after purchasing an additional 3,994 shares in the last quarter. Marshall Wace LLP bought a new position in SPDR Portfolio S&P 500 Value ETF in the second quarter valued at approximately $3,008,000. Qube Research & Technologies Ltd lifted its position in SPDR Portfolio S&P 500 Value ETF by 28.5% in the 2nd quarter. Qube Research & Technologies Ltd now owns 10,800 shares of the company’s stock valued at $565,000 after acquiring an additional 2,394 shares in the last quarter. Finally, Peapack Gladstone Financial Corp acquired a new position in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter worth about $295,000.

SPDR Portfolio S&P 500 Value ETF Company Profile

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.