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

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s stock price reached a new 52-week high on Monday . The stock traded as high as $63.84 and last traded at $63.56, with a volume of 1005 shares. The stock had previously closed at $63.78.

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

The company has a market capitalization of $37.06 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The stock has a 50 day moving average of $61.75 and a 200 day moving average of $59.82.

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

Several institutional investors have recently made changes to their positions in the company. Topsail Wealth Management LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.3% during the 1st quarter. Topsail Wealth Management LLC now owns 3,450 shares of the company’s stock worth $195,000 after acquiring an additional 175 shares during the period. SmartHarvest Portfolios LLC boosted its position in SPDR Portfolio S&P 500 Value ETF by 4.6% during the 1st quarter. SmartHarvest Portfolios LLC now owns 4,008 shares of the company’s stock worth $227,000 after buying an additional 176 shares during the period. Empirical Asset Management LLC grew its stake in shares of SPDR Portfolio S&P 500 Value ETF by 1.5% in the fourth quarter. Empirical Asset Management LLC now owns 12,628 shares of the company’s stock worth $717,000 after purchasing an additional 183 shares during the last quarter. Principle Wealth Partners LLC grew its position in shares of SPDR Portfolio S&P 500 Value ETF by 4.2% in the 4th quarter. Principle Wealth Partners LLC now owns 4,725 shares of the company’s stock valued at $268,000 after buying an additional 191 shares during the last quarter. Finally, Fiduciary Group LLC increased its position in SPDR Portfolio S&P 500 Value ETF by 3.8% during the 4th quarter. Fiduciary Group LLC now owns 5,264 shares of the company’s stock valued at $299,000 after purchasing an additional 194 shares during the period.

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.