SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) Sees Strong Trading Volume – Here’s Why

SPDR S&P 600 Small Cap Value ETF (NYSEARCA:SLYV) saw strong trading volume on Friday . 580,198 shares traded hands during trading, an increase of 154% from the previous session’s volume of 228,380 shares.The stock last traded at $96.3410 and had previously closed at $95.54.

SPDR S&P 600 Small Cap Value ETF Price Performance

The stock has a market cap of $4.32 billion, a PE ratio of 14.20 and a beta of 1.08. The company has a 50 day moving average price of $90.95 and a two-hundred day moving average price of $87.64.

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

Several hedge funds and other institutional investors have recently bought and sold shares of SLYV. Courage Miller Partners LLC lifted its holdings in shares of SPDR S&P 600 Small Cap Value ETF by 11.0% during the 2nd quarter. Courage Miller Partners LLC now owns 18,267 shares of the company’s stock valued at $1,457,000 after buying an additional 1,803 shares during the period. Carter Financial Group INC. purchased a new stake in SPDR S&P 600 Small Cap Value ETF during the second quarter valued at $918,000. Geneos Wealth Management Inc. increased its position in SPDR S&P 600 Small Cap Value ETF by 25.4% during the second quarter. Geneos Wealth Management Inc. now owns 110,056 shares of the company’s stock valued at $8,778,000 after acquiring an additional 22,259 shares during the last quarter. Kendall Capital Management bought a new position in SPDR S&P 600 Small Cap Value ETF in the second quarter valued at about $1,117,000. Finally, Balance Wealth LLC purchased a new position in SPDR S&P 600 Small Cap Value ETF in the third quarter worth about $3,421,000.

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.