SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Sets New 52-Week High – Should You Buy?

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) reached a new 52-week high during mid-day trading on Saturday . The stock traded as high as $102.56 and last traded at $101.75, with a volume of 1432831 shares changing hands. The stock had previously closed at $99.94.

SPDR S&P 600 Small Cap Value ETF Trading Up 1.8%

The company has a market cap of $4.37 billion, a price-to-earnings ratio of 14.20 and a beta of 1.00. The business has a 50-day moving average price of $96.92 and a 200 day moving average price of $93.60.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Freedom Investment Management Inc. boosted its holdings in shares of SPDR S&P 600 Small Cap Value ETF by 1.0% in the fourth quarter. Freedom Investment Management Inc. now owns 10,065 shares of the company’s stock worth $916,000 after buying an additional 100 shares during the period. UMB Bank n.a. lifted its position in shares of SPDR S&P 600 Small Cap Value ETF by 26.0% in the 4th quarter. UMB Bank n.a. now owns 494 shares of the company’s stock valued at $45,000 after acquiring an additional 102 shares in the last quarter. CoreCap Advisors LLC boosted its stake in SPDR S&P 600 Small Cap Value ETF by 0.6% in the 4th quarter. CoreCap Advisors LLC now owns 17,728 shares of the company’s stock worth $1,613,000 after purchasing an additional 105 shares during the period. Trueblood Wealth Management LLC grew its position in SPDR S&P 600 Small Cap Value ETF by 0.6% during the 4th quarter. Trueblood Wealth Management LLC now owns 19,169 shares of the company’s stock worth $1,744,000 after purchasing an additional 110 shares in the last quarter. Finally, Partners in Financial Planning raised its stake in SPDR S&P 600 Small Cap Value ETF by 0.4% during the 3rd quarter. Partners in Financial Planning now owns 31,249 shares of the company’s stock valued at $2,770,000 after purchasing an additional 113 shares during the period.

SPDR S&P 600 Small Cap Value ETF Company Profile

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.