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

Shares of SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) hit a new 52-week high on Wednesday . The stock traded as high as $53.97 and last traded at $53.90, with a volume of 32403 shares. The stock had previously closed at $52.66.

SPDR Portfolio S&P 500 Value ETF Stock Up 2.4 %

The firm has a 50 day moving average price of $52.56 and a 200 day moving average price of $50.58. The stock has a market cap of $23.38 billion, a P/E ratio of 24.09 and a beta of 0.81.

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

A number of large investors have recently made changes to their positions in the stock. Williams Financial LLC increased its position in SPDR Portfolio S&P 500 Value ETF by 6,166.3% in the 2nd quarter. Williams Financial LLC now owns 42,988,918 shares of the company’s stock valued at $2,101,241,000 after acquiring an additional 42,302,888 shares during the period. Dynasty Wealth Management LLC purchased a new position in SPDR Portfolio S&P 500 Value ETF in the 1st quarter valued at about $152,867,000. LPL Financial LLC lifted its position in shares of SPDR Portfolio S&P 500 Value ETF by 7.6% during the second quarter. LPL Financial LLC now owns 35,973,940 shares of the company’s stock worth $1,753,370,000 after purchasing an additional 2,535,855 shares during the last quarter. Cetera Investment Advisers lifted its holdings in SPDR Portfolio S&P 500 Value ETF by 209.0% in the first quarter. Cetera Investment Advisers now owns 2,530,967 shares of the company’s stock worth $126,801,000 after acquiring an additional 1,711,930 shares during the last quarter. Finally, Flagship Harbor Advisors LLC acquired a new stake in shares of SPDR Portfolio S&P 500 Value ETF in the third quarter valued at approximately $84,057,000.

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.