SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Sets New 1-Year High – Still a Buy?

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) hit a new 52-week high on Tuesday . The stock traded as high as $186.79 and last traded at $186.70, with a volume of 9139 shares. The stock had previously closed at $185.77.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Performance

The firm has a market capitalization of $1.16 billion, a PE ratio of 23.62 and a beta of 0.79. The company’s 50-day moving average price is $181.54 and its 200-day moving average price is $177.85.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LGLV. Jones Financial Companies Lllp raised its stake 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 purchasing an additional 62 shares during the last quarter. Fisher Asset Management LLC raised its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 20.5% during the 3rd quarter. Fisher Asset Management LLC now owns 1,479 shares of the company’s stock worth $264,000 after buying an additional 252 shares during the last quarter. Ethos Financial Group LLC raised its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 1.3% during the 3rd quarter. Ethos Financial Group LLC now owns 37,502 shares of the company’s stock worth $6,681,000 after buying an additional 465 shares during the last quarter. Grey Fox Wealth Advisors LLC acquired a new stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF in the 3rd quarter worth $110,000. Finally, Horizon Investments LLC boosted its holdings 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 acquiring an additional 1,789 shares in 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.