SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Hits New 12-Month High – Here’s What Happened

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s stock price hit a new 52-week high during 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 Price Performance

The company has a 50-day moving average of $62.88 and a 200 day moving average of $60.58. The company has a market cap of $38.79 billion, a PE ratio of 20.50 and a beta of 0.82.

Institutional Investors Weigh In On SPDR Portfolio S&P 500 Value ETF

Several institutional investors have recently modified their holdings of the stock. Valmark Advisers Inc. raised its stake in shares of SPDR Portfolio S&P 500 Value ETF by 2.9% during the 1st quarter. Valmark Advisers Inc. now owns 8,996,058 shares of the company’s stock valued at $508,997,000 after buying an additional 255,913 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in SPDR Portfolio S&P 500 Value ETF by 1,807.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,312,030 shares of the company’s stock valued at $383,708,000 after buying an additional 5,981,186 shares in the last quarter. NorthRock Partners LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 6.6% in the second quarter. NorthRock Partners LLC now owns 4,889,672 shares of the company’s stock valued at $297,243,000 after acquiring an additional 303,367 shares in the last quarter. Vantagepoint Investment Advisers LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the third quarter worth $263,007,000. Finally, Cetera Investment Advisers raised its holdings in SPDR Portfolio S&P 500 Value ETF by 5.8% in the 1st quarter. Cetera Investment Advisers now owns 4,205,952 shares of the company’s stock valued at $237,973,000 after acquiring an additional 230,152 shares during 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.