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

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw an uptick in trading volume on Tuesday . 43,550 shares were traded during trading, an increase of 99% from the previous session’s volume of 21,925 shares.The stock last traded at $170.28 and had previously closed at $168.48.

SPDR SSGA US Large Cap Low Volatility Index ETF Price Performance

The stock has a market capitalization of $778.97 million, a P/E ratio of 26.25 and a beta of 0.62. The stock’s fifty day moving average price is $169.93 and its 200 day moving average price is $166.72.

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

Several institutional investors have recently bought and sold shares of LGLV. Private Trust Co. NA grew its position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 14.5% in the 3rd quarter. Private Trust Co. NA now owns 1,122 shares of the company’s stock worth $190,000 after buying an additional 142 shares during the last quarter. Avior Wealth Management LLC acquired a new position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF in the fourth quarter valued at about $67,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 7,048.8% during the third quarter. Farther Finance Advisors LLC now owns 18,301 shares of the company’s stock worth $3,097,000 after purchasing an additional 18,045 shares during the period.

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.