SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Sees Strong Trading Volume – Still a Buy?

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) shares saw unusually-high trading volume on Monday . Approximately 48,153 shares traded hands during trading, an increase of 134% from the previous session’s volume of 20,550 shares.The stock last traded at $176.6490 and had previously closed at $175.82.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Performance

The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 23.62 and a beta of 0.79. The firm’s 50 day moving average is $175.20 and its 200-day moving average is $175.57.

Institutional Trading of SPDR SSGA US Large Cap Low Volatility Index ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 148.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 175,531 shares of the company’s stock worth $30,649,000 after buying an additional 104,963 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% in the second quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock worth $4,623,000 after acquiring an additional 22,454 shares during the last quarter. Ethos Financial Group LLC increased its position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 88.8% during the second quarter. Ethos Financial Group LLC now owns 37,037 shares of the company’s stock worth $6,467,000 after purchasing an additional 17,421 shares in the last quarter. Horizon Investments LLC raised its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% in the 3rd quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock valued at $13,496,000 after purchasing an additional 1,789 shares during the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new position in SPDR SSGA US Large Cap Low Volatility Index ETF in the 3rd quarter valued at $110,000.

About SPDR SSGA US Large Cap Low Volatility Index ETF

The SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV) is an exchange-traded fund that is based on the SSGA US Large Cap Low Volatility index. The fund tracks an index of the least volatile large-cap US stocks. LGLV was launched on Feb 20, 2013 and is managed by State Street.