SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Reaches New 1-Year 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 Tuesday . The stock traded as high as $62.98 and last traded at $62.98, with a volume of 821012 shares. The stock had previously closed at $62.42.

SPDR Portfolio S&P 500 Value ETF Stock Performance

The stock has a market cap of $36.62 billion, a P/E ratio of 20.50 and a beta of 0.82. The stock’s fifty day moving average is $61.42 and its 200 day moving average is $59.56.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Key Capital Management INC bought a new stake in SPDR Portfolio S&P 500 Value ETF during the 4th quarter valued at about $25,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR Portfolio S&P 500 Value ETF during the fourth quarter valued at about $26,000. Meramec Financial Planners LLC bought a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at about $28,000. Signature Equity Partners LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 163.2% in the first quarter. Signature Equity Partners LLC now owns 500 shares of the company’s stock valued at $28,000 after acquiring an additional 310 shares in the last quarter. Finally, Advisortrust Partners LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the 1st quarter worth $29,000.

About SPDR Portfolio S&P 500 Value ETF

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.