SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Sees Unusually-High Trading Volume – Should You Buy?

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) shares saw unusually-strong trading volume on Friday . Approximately 52,728 shares traded hands during trading, an increase of 41% from the previous session’s volume of 37,523 shares.The stock last traded at $181.5710 and had previously closed at $181.88.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Down 0.1%

The firm’s 50 day simple moving average is $177.16 and its 200-day simple moving average is $176.21. The company has a market capitalization of $1.13 billion, a PE ratio of 23.62 and a beta of 0.79.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 148.7% in the second quarter. JPMorgan Chase & Co. now owns 175,531 shares of the company’s stock valued at $30,649,000 after buying an additional 104,963 shares in the last quarter. Horizon Investments LLC grew its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% in the third quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock valued at $13,496,000 after acquiring an additional 1,789 shares in the last quarter. Ethos Financial Group LLC raised its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 45.6% during the fourth quarter. Ethos Financial Group LLC now owns 54,586 shares of the company’s stock valued at $9,584,000 after purchasing an additional 17,084 shares during the period. Ameriprise Financial Inc. lifted its position 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 purchasing an additional 22,454 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 2.6% during the 3rd quarter. Jones Financial Companies Lllp now owns 2,471 shares of the company’s stock valued at $437,000 after purchasing an additional 62 shares in the last quarter.

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.