SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Shares Up 0.5% – Here’s Why

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) shares traded up 0.5% on Wednesday . The company traded as high as $189.78 and last traded at $188.90. 13,709 shares changed hands during mid-day trading, a decline of 54% from the average daily volume of 29,935 shares. The stock had previously closed at $188.00.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Performance

The firm has a fifty day simple moving average of $184.81 and a 200-day simple moving average of $182.50. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 23.62 and a beta of 0.66.

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

A number of hedge funds have recently modified their holdings of LGLV. Horizon Investments LLC grew its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 5.0% in the 4th quarter. Horizon Investments LLC now owns 79,572 shares of the company’s stock valued at $13,970,000 after buying an additional 3,822 shares during the last quarter. Ethos Financial Group LLC lifted its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 10.0% during the first quarter. Ethos Financial Group LLC now owns 60,029 shares of the company’s stock worth $10,575,000 after acquiring an additional 5,443 shares during the last quarter. Compass Financial Management LLC bought a new stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF during the second quarter worth approximately $219,000. Ameriprise Financial Inc. boosted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% during 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 period. Finally, AdvisorNet Financial Inc boosted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 15.9% during the first quarter. AdvisorNet Financial Inc now owns 1,460 shares of the company’s stock worth $260,000 after acquiring an additional 200 shares during the period.

SPDR SSGA US Large Cap Low Volatility Index ETF Company Profile

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.