SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Sets New 52-Week High – Time to Buy?

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) shares hit a new 52-week high on Wednesday . The stock traded as high as $60.35 and last traded at $60.31, with a volume of 1801893 shares. The stock had previously closed at $59.97.

SPDR Portfolio S&P 500 Value ETF Trading Up 0.5%

The company has a market cap of $33.85 billion, a PE ratio of 20.50 and a beta of 0.82. The firm has a fifty day moving average of $57.94 and a two-hundred day moving average of $57.47.

Institutional Trading of SPDR Portfolio S&P 500 Value ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Financial Engines Advisors L.L.C. boosted its stake in SPDR Portfolio S&P 500 Value ETF by 0.8% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 81,729,362 shares of the company’s stock worth $4,522,086,000 after purchasing an additional 642,820 shares during the period. Morgan Stanley increased its position in shares of SPDR Portfolio S&P 500 Value ETF by 120.2% during the fourth quarter. Morgan Stanley now owns 19,747,812 shares of the company’s stock valued at $1,121,873,000 after buying an additional 10,778,683 shares during the period. Allworth Financial LP lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 2.0% in the fourth quarter. Allworth Financial LP now owns 19,695,295 shares of the company’s stock worth $1,118,890,000 after buying an additional 382,214 shares in the last quarter. Valmark Advisers Inc. boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 2.9% in the first quarter. Valmark Advisers Inc. now owns 8,996,058 shares of the company’s stock valued at $508,997,000 after acquiring an additional 255,913 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in shares of SPDR Portfolio S&P 500 Value ETF by 3.7% in the third quarter. Ameriprise Financial Inc. now owns 8,575,647 shares of the company’s stock valued at $474,565,000 after acquiring an additional 304,642 shares during the period.

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. 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.