SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 52-Week High – What’s Next?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $63.31 and last traded at $63.29, with a volume of 2049051 shares traded. The stock had previously closed at $63.14.

SPDR Portfolio S&P 500 Value ETF Price Performance

The firm’s 50 day moving average is $61.49 and its 200 day moving average is $59.63. The company has a market cap of $36.90 billion, a PE ratio of 20.50 and a beta of 0.82.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. raised its position in shares of SPDR Portfolio S&P 500 Value ETF by 7.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 278,065 shares of the company’s stock worth $15,797,000 after buying an additional 18,366 shares in the last quarter. OLD National Bancorp IN increased its stake in SPDR Portfolio S&P 500 Value ETF by 2.2% in the 4th quarter. OLD National Bancorp IN now owns 1,661,688 shares of the company’s stock worth $94,400,000 after acquiring an additional 36,118 shares during the last quarter. Destiny Capital Corp CO increased its stake in SPDR Portfolio S&P 500 Value ETF by 3.5% in the 4th quarter. Destiny Capital Corp CO now owns 370,227 shares of the company’s stock worth $21,033,000 after acquiring an additional 12,685 shares during the last quarter. Breachway Investments LLC bought a new position in SPDR Portfolio S&P 500 Value ETF in the 4th quarter worth about $2,682,000. Finally, Benjamin Edwards Inc. raised its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.7% in the 4th quarter. Benjamin Edwards Inc. now owns 1,524,255 shares of the company’s stock valued at $86,593,000 after acquiring an additional 10,201 shares in the last quarter.

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.