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) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $53.04 and last traded at $52.96, with a volume of 76534 shares. The stock had previously closed at $52.62.

SPDR Portfolio S&P 500 Value ETF Price Performance

The firm has a market capitalization of $23.06 billion, a PE ratio of 24.09 and a beta of 0.81. The company’s fifty day simple moving average is $51.65 and its 200-day simple moving average is $50.03.

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

A number of institutional investors have recently made changes to their positions in SPYV. Chicago Partners Investment Group LLC grew its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 32,190 shares of the company’s stock valued at $1,493,000 after purchasing an additional 665 shares in the last quarter. Opal Wealth Advisors LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 14.1% in the 1st quarter. Opal Wealth Advisors LLC now owns 38,724 shares of the company’s stock valued at $1,940,000 after buying an additional 4,785 shares in the last quarter. Twin Focus Capital Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 5.1% in the 4th quarter. Twin Focus Capital Partners LLC now owns 25,927 shares of the company’s stock valued at $1,150,000 after buying an additional 1,257 shares in the last quarter. WealthPLAN Partners LLC boosted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 3.4% in the 1st quarter. WealthPLAN Partners LLC now owns 14,215 shares of the company’s stock valued at $712,000 after buying an additional 470 shares in the last quarter. Finally, Williams Financial LLC boosted its stake in 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.

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.