SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Sees Strong Trading Volume – Here’s Why

Shares of SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw strong trading volume on Tuesday . 16,706 shares traded hands during trading, a decline of 30% from the previous session’s volume of 23,876 shares.The stock last traded at $172.27 and had previously closed at $170.56.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Down 0.4 %

The company has a 50-day moving average price of $170.29 and a two-hundred day moving average price of $170.10. The stock has a market capitalization of $897.16 million, a P/E ratio of 23.59 and a beta of 0.86.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of LGLV. Comprehensive Financial Planning Inc. PA purchased a new stake in SPDR SSGA US Large Cap Low Volatility Index ETF in the fourth quarter worth approximately $41,000. Avior Wealth Management LLC purchased a new stake in SPDR SSGA US Large Cap Low Volatility Index ETF in the fourth quarter worth approximately $67,000. Jones Financial Companies Lllp boosted its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 64.1% in the fourth quarter. Jones Financial Companies Lllp now owns 1,050 shares of the company’s stock worth $174,000 after buying an additional 410 shares in the last quarter. Private Trust Co. NA boosted its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 14.5% in the third quarter. Private Trust Co. NA now owns 1,122 shares of the company’s stock worth $190,000 after buying an additional 142 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 34.6% in the fourth quarter. JPMorgan Chase & Co. now owns 4,355 shares of the company’s stock worth $719,000 after buying an additional 1,119 shares in the last quarter.

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.