SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Hits New 12-Month High – Should You Buy?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYVGet Free Report)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $110.37 and last traded at $110.23, with a volume of 24467 shares trading hands. The stock had previously closed at $108.66.

SPDR S&P 600 Small Cap Value ETF Price Performance

The stock has a market cap of $4.98 billion, a price-to-earnings ratio of 14.20 and a beta of 0.99. The company’s fifty day moving average price is $105.45 and its 200-day moving average price is $100.18.

Hedge Funds Weigh In On SPDR S&P 600 Small Cap Value ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Glenmede Trust Co. NA acquired a new position in shares of SPDR S&P 600 Small Cap Value ETF in the first quarter valued at about $30,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P 600 Small Cap Value ETF in the fourth quarter worth $32,000. Sunbelt Securities Inc. raised its holdings in shares of SPDR S&P 600 Small Cap Value ETF by 369.2% during the third quarter. Sunbelt Securities Inc. now owns 366 shares of the company’s stock worth $32,000 after purchasing an additional 288 shares during the last quarter. Abound Financial LLC acquired a new position in shares of SPDR S&P 600 Small Cap Value ETF in the 4th quarter valued at about $35,000. Finally, Park National Corp OH purchased a new stake in shares of SPDR S&P 600 Small Cap Value ETF in the first quarter worth about $39,000.

SPDR S&P 600 Small Cap Value ETF Company Profile

(Get Free Report)

SPDR S&P 600 Small Cap Value ETF, formerly SPDR Dow Jones Small Cap Value ETF, focuses to provide investment results, which correspond to the total return performance of an index, which tracks the performance of small capitalization exchange traded the United States equity securities exhibiting value characteristics. In seeking to track the performance of the S&P Small Cap 600 Value Index (the Index), the Fund employs a replication strategy. The Index measures the performance of the small-capitalization value sector in the United States equity market.

Further Reading

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