SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Sees Unusually-High Trading Volume – Still a Buy?

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw an uptick in trading volume on Friday . 39,652 shares traded hands during trading, an increase of 17% from the previous session’s volume of 33,994 shares.The stock last traded at $176.6250 and had previously closed at $176.75.

SPDR SSGA US Large Cap Low Volatility Index ETF Price Performance

The firm has a market cap of $1.09 billion, a P/E ratio of 23.62 and a beta of 0.79. The stock’s 50-day simple moving average is $174.98 and its two-hundred day simple moving average is $175.34.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of LGLV. Ulland Investment Advisors LLC lifted its position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 289.6% during the second quarter. Ulland Investment Advisors LLC now owns 187 shares of the company’s stock worth $33,000 after purchasing an additional 139 shares during the last quarter. Advantage Trust Co purchased a new position in SPDR SSGA US Large Cap Low Volatility Index ETF in the 2nd quarter worth about $38,000. Grey Fox Wealth Advisors LLC bought a new stake in SPDR SSGA US Large Cap Low Volatility Index ETF during the 3rd quarter valued at about $110,000. AdvisorNet Financial Inc boosted its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 49.6% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,375 shares of the company’s stock valued at $240,000 after buying an additional 456 shares during the period. Finally, 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 worth $264,000 after acquiring an additional 252 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.