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

Shares of SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw an uptick in trading volume on Monday . 28,574 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 23,994 shares.The stock last traded at $171.79 and had previously closed at $172.10.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Up 0.9 %

The stock has a market capitalization of $897.79 million, a P/E ratio of 23.59 and a beta of 0.86. The firm has a 50-day moving average of $170.92 and a 200 day moving average of $170.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Jones Financial Companies Lllp lifted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 64.1% during the fourth quarter. Jones Financial Companies Lllp now owns 1,050 shares of the company’s stock valued at $174,000 after acquiring an additional 410 shares during the period. Private Trust Co. NA increased its stake in shares of 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 valued at $190,000 after buying an additional 142 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 13.6% in the fourth quarter. Farther Finance Advisors LLC now owns 20,797 shares of the company’s stock valued at $3,436,000 after buying an additional 2,496 shares in the last quarter. Comprehensive Financial Planning Inc. PA acquired a new stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF in the fourth quarter valued at $41,000. Finally, Avior Wealth Management LLC acquired a new stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF in the fourth quarter valued at $67,000.

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.