SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Hits New 52-Week High – Should You Buy?

Shares of SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) hit a new 52-week high on Tuesday . The company traded as high as $186.76 and last traded at $185.6810, with a volume of 2636 shares. The stock had previously closed at $185.91.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Performance

The firm has a market cap of $1.15 billion, a PE ratio of 23.62 and a beta of 0.79. The stock’s fifty day moving average price is $179.94 and its 200-day moving average price is $177.23.

Institutional Trading of SPDR SSGA US Large Cap Low Volatility Index ETF

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Advantage Trust Co acquired a new stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF during the second quarter valued at $38,000. Grey Fox Wealth Advisors LLC acquired a new stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF during the 3rd quarter worth about $110,000. Fisher Asset Management LLC grew its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 20.5% during the third quarter. Fisher Asset Management LLC now owns 1,479 shares of the company’s stock worth $264,000 after buying an additional 252 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 2.6% during the third quarter. Jones Financial Companies Lllp now owns 2,471 shares of the company’s stock worth $437,000 after buying an additional 62 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock worth $4,623,000 after acquiring an additional 22,454 shares during the period.

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.