SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Reaches New 52-Week High – Still a Buy?

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

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Down 0.2%

The company has a 50-day moving average price of $179.94 and a 200 day moving average price of $177.23. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 23.62 and a beta of 0.79.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. raised its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 148.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 175,531 shares of the company’s stock worth $30,649,000 after purchasing an additional 104,963 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of 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 valued at $4,623,000 after buying an additional 22,454 shares in the last quarter. Ethos Financial Group LLC increased its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 88.8% in the second quarter. Ethos Financial Group LLC now owns 37,037 shares of the company’s stock worth $6,467,000 after buying an additional 17,421 shares during the last quarter. Horizon Investments LLC raised its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 5.0% during the fourth quarter. Horizon Investments LLC now owns 79,572 shares of the company’s stock valued at $13,970,000 after acquiring an additional 3,822 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC acquired a new stake in SPDR SSGA US Large Cap Low Volatility Index ETF in the third quarter valued at approximately $110,000.

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.