SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Hits New 12-Month High at $52.93

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as $52.93 and last traded at $52.87, with a volume of 339317 shares trading hands. The stock had previously closed at $52.51.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.6 %

The stock’s fifty day moving average is $51.23 and its two-hundred day moving average is $49.78. The firm has a market cap of $22.89 billion, a P/E ratio of 24.09 and a beta of 0.81.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kayne Anderson Rudnick Investment Management LLC increased its stake in SPDR Portfolio S&P 500 Value ETF by 227.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 582 shares of the company’s stock valued at $28,000 after acquiring an additional 404 shares during the last quarter. Crewe Advisors LLC bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 1st quarter valued at about $29,000. Olistico Wealth LLC purchased a new position in shares of SPDR Portfolio S&P 500 Value ETF during the 2nd quarter valued at about $30,000. EdgeRock Capital LLC bought a new stake in SPDR Portfolio S&P 500 Value ETF in the 2nd quarter worth approximately $30,000. Finally, Salem Investment Counselors Inc. purchased a new stake in SPDR Portfolio S&P 500 Value ETF in the first quarter worth approximately $35,000.

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.