SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Stock Price Up 0.5% – Should You Buy?

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV)’s stock price shot up 0.5% during trading on Friday . The company traded as high as $176.11 and last traded at $175.94. 16,599 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 35,356 shares. The stock had previously closed at $175.01.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Up 0.5%

The stock has a market cap of $1.09 billion, a PE ratio of 23.39 and a beta of 0.83. The business’s 50-day simple moving average is $173.15 and its 200-day simple moving average is $170.42.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. NBC Securities Inc. bought a new position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF during the first quarter valued at about $71,000. Jones Financial Companies Lllp raised its stake 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 last quarter. Hughes Financial Services LLC bought a new position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF during the first quarter valued at about $201,000. OLD Mission Capital LLC bought a new position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF during the first quarter valued at about $308,000. Finally, JPMorgan Chase & Co. raised its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 34.6% during the fourth quarter. JPMorgan Chase & Co. now owns 4,355 shares of the company’s stock valued at $719,000 after acquiring an additional 1,119 shares during 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.