SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) Hits New 12-Month High – Here’s What Happened

SPDR Portfolio S&P 500 Value ETF (NYSEARCA:SPYV) reached a new 52-week high on Thursday . The company traded as high as $62.21 and last traded at $62.18, with a volume of 351108 shares trading hands. The stock had previously closed at $61.69.

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

The stock has a market cap of $36.11 billion, a price-to-earnings ratio of 20.50 and a beta of 0.82. The company’s 50-day moving average is $60.90 and its 200-day moving average is $59.08.

Hedge Funds Weigh In On SPDR Portfolio S&P 500 Value ETF

A number of hedge funds have recently modified their holdings of SPYV. HBW Advisory Services LLC boosted its stake in SPDR Portfolio S&P 500 Value ETF by 16.1% in the 2nd quarter. HBW Advisory Services LLC now owns 13,486 shares of the company’s stock valued at $820,000 after buying an additional 1,869 shares in the last quarter. Courier Capital LLC raised its stake in SPDR Portfolio S&P 500 Value ETF by 8.3% during the second quarter. Courier Capital LLC now owns 849,798 shares of the company’s stock worth $51,659,000 after acquiring an additional 65,352 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,831,310 shares of the company’s stock valued at $174,777,000 after acquiring an additional 11,522 shares during the period. XY Planning Network Inc. bought a new position in shares of SPDR Portfolio S&P 500 Value ETF during the second quarter valued at $528,000. Finally, YHB Investment Advisors Inc. lifted its holdings in shares of SPDR Portfolio S&P 500 Value ETF by 6.1% during the second quarter. YHB Investment Advisors Inc. now owns 10,384 shares of the company’s stock valued at $631,000 after acquiring an additional 600 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. 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.