SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Shares Down 1% – Here’s Why

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV)’s stock price traded down 1% during trading on Wednesday . The company traded as low as $181.91 and last traded at $182.18. 12,854 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 28,841 shares. The stock had previously closed at $183.93.

SPDR SSGA US Large Cap Low Volatility Index ETF Trading Down 1.0%

The business has a fifty day moving average price of $186.82 and a 200-day moving average price of $182.72. The stock has a market capitalization of $1.18 billion, a PE ratio of 23.62 and a beta of 0.66.

Hedge Funds Weigh In On SPDR SSGA US Large Cap Low Volatility Index ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. raised its stake in 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 buying an additional 22,454 shares in the last quarter. Horizon Investments LLC grew its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% during the 3rd quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock worth $13,496,000 after acquiring an additional 1,789 shares during the period. AdvisorNet Financial Inc grew its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 15.9% during the 1st 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. Ethos Financial Group LLC raised its position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 10.0% in the 1st 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 in the last quarter. Finally, Compass Financial Management LLC bought a new position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF in the 2nd quarter worth approximately $219,000.

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.