SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Hits New 52-Week High – Time to Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) shares hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $64.52 and last traded at $64.4850, with a volume of 210,320 shares changing hands. The stock had previously closed at $64.06.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The firm has a market capitalization of $39.01 billion, a P/E ratio of 20.50 and a beta of 0.82. The firm has a 50 day moving average price of $62.85 and a two-hundred day moving average price of $60.52.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Weitzel Financial Services Inc. boosted its holdings in SPDR Portfolio S&P 500 Value ETF by 0.6% during the 3rd quarter. Weitzel Financial Services Inc. now owns 31,071 shares of the company’s stock valued at $1,910,000 after acquiring an additional 170 shares during the period. Invera Wealth Advisors LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 4.9% during the 3rd quarter. Invera Wealth Advisors LLC now owns 3,629 shares of the company’s stock valued at $222,000 after purchasing an additional 171 shares in the last quarter. Cornerstone Advisors Asset Management LLC grew its stake in SPDR Portfolio S&P 500 Value ETF by 0.4% during the 2nd quarter. Cornerstone Advisors Asset Management LLC now owns 40,248 shares of the company’s stock valued at $2,447,000 after purchasing an additional 178 shares during the last quarter. Lantern Wealth Advisors LLC increased its stake in shares of SPDR Portfolio S&P 500 Value ETF by 0.8% in the third quarter. Lantern Wealth Advisors LLC now owns 23,122 shares of the company’s stock worth $1,413,000 after acquiring an additional 194 shares during the period. Finally, Montz Harcus Wealth Management LLC grew its holdings in SPDR Portfolio S&P 500 Value ETF by 4.4% during the third quarter. Montz Harcus Wealth Management LLC now owns 5,099 shares of the company’s stock worth $312,000 after acquiring an additional 214 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.