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

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $109.15 and last traded at $109.05, with a volume of 13980 shares traded. The stock had previously closed at $108.19.

SPDR S&P 600 Small Cap Value ETF Stock Up 0.2%

The firm has a market cap of $4.82 billion, a price-to-earnings ratio of 14.20 and a beta of 1.00. The company has a 50-day moving average price of $102.09 and a 200 day moving average price of $97.69.

Institutional Trading of SPDR S&P 600 Small Cap Value ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Altfest L J & Co. Inc. raised its holdings in SPDR S&P 600 Small Cap Value ETF by 63.6% in the 4th quarter. Altfest L J & Co. Inc. now owns 23,586 shares of the company’s stock worth $2,146,000 after acquiring an additional 9,166 shares during the period. Royce & Associates LP bought a new position in SPDR S&P 600 Small Cap Value ETF in the 3rd quarter worth $2,472,000. Nvest Wealth Strategies Inc. bought a new position in SPDR S&P 600 Small Cap Value ETF in the 4th quarter worth $4,633,000. Park Place Capital Corp bought a new position in SPDR S&P 600 Small Cap Value ETF in the 4th quarter worth $757,000. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in SPDR S&P 600 Small Cap Value ETF by 4.5% in the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 122,319 shares of the company’s stock worth $11,127,000 after acquiring an additional 5,223 shares during the period.

About SPDR S&P 600 Small Cap Value ETF

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.