SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 1-Year High – What’s Next?

Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high on Monday . The stock traded as high as $54.95 and last traded at $54.95, with a volume of 832 shares trading hands. The stock had previously closed at $53.52.

SPDR Portfolio S&P 500 Value ETF Trading Up 2.7 %

The firm’s 50 day moving average is $52.86 and its two-hundred day moving average is $50.90. The stock has a market cap of $23.82 billion, a price-to-earnings ratio of 24.09 and a beta of 0.81.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Williams Financial LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 6,166.3% during the 2nd quarter. Williams Financial LLC now owns 42,988,918 shares of the company’s stock worth $2,101,241,000 after purchasing an additional 42,302,888 shares during the period. LPL Financial LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 8.8% during the 3rd quarter. LPL Financial LLC now owns 39,150,619 shares of the company’s stock worth $2,069,502,000 after purchasing an additional 3,176,679 shares during the period. Dynasty Wealth Management LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter worth about $152,867,000. Cetera Investment Advisers grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 209.0% during the 1st quarter. Cetera Investment Advisers now owns 2,530,967 shares of the company’s stock worth $126,801,000 after purchasing an additional 1,711,930 shares during the period. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of SPDR Portfolio S&P 500 Value ETF during the 3rd quarter worth about $84,057,000.

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.