SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Hits New 12-Month High – Here’s Why

Shares of SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) reached a new 52-week high during trading on Friday . The stock traded as high as $179.46 and last traded at $179.3190, with a volume of 9132 shares traded. The stock had previously closed at $178.88.

SPDR SSGA US Large Cap Low Volatility Index ETF Trading Up 0.4%

The company has a market cap of $1.11 billion, a PE ratio of 23.62 and a beta of 0.79. The business has a 50 day simple moving average of $175.67 and a two-hundred day simple moving average of $175.74.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Horizon Investments LLC raised its position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% in the third quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock valued at $13,496,000 after purchasing an additional 1,789 shares during the period. Fisher Asset Management LLC grew its stake in SPDR SSGA US Large Cap Low Volatility Index ETF by 20.5% in the 3rd quarter. Fisher Asset Management LLC now owns 1,479 shares of the company’s stock valued at $264,000 after buying an additional 252 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 2.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,471 shares of the company’s stock worth $437,000 after acquiring an additional 62 shares during the period. Grey Fox Wealth Advisors LLC acquired a new position in SPDR SSGA US Large Cap Low Volatility Index ETF during the 3rd quarter worth $110,000. Finally, Ethos Financial Group LLC boosted its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 1.3% during the third quarter. Ethos Financial Group LLC now owns 37,502 shares of the company’s stock valued at $6,681,000 after acquiring an additional 465 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.