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

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw unusually-strong trading volume on Monday . Approximately 97,521 shares were traded during mid-day trading, an increase of 280% from the previous session’s volume of 25,651 shares.The stock last traded at $165.41 and had previously closed at $166.57.

SPDR SSGA US Large Cap Low Volatility Index ETF Price Performance

The company’s 50 day simple moving average is $171.57 and its 200 day simple moving average is $165.33. The company has a market capitalization of $756.98 million, a PE ratio of 26.25 and a beta of 0.62.

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

A hedge fund recently raised its stake in SPDR SSGA US Large Cap Low Volatility Index ETF stock. Farther Finance Advisors LLC boosted its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) by 7,048.8% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,301 shares of the company’s stock after acquiring an additional 18,045 shares during the quarter. Farther Finance Advisors LLC owned about 0.40% of SPDR SSGA US Large Cap Low Volatility Index ETF worth $3,097,000 as of its most recent filing with the Securities and Exchange Commission.

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.