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

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw unusually-high trading volume on Friday . Approximately 37,946 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 31,496 shares.The stock last traded at $180.57 and had previously closed at $181.49.

SPDR SSGA US Large Cap Low Volatility Index ETF Stock Down 0.7%

The firm’s fifty day moving average price is $182.30 and its 200 day moving average price is $179.08. The stock has a market cap of $1.14 billion, a PE ratio of 23.62 and a beta of 0.75.

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

Hedge funds have recently modified their holdings of the stock. Ethos Financial Group LLC lifted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 45.6% in the fourth quarter. Ethos Financial Group LLC now owns 54,586 shares of the company’s stock worth $9,584,000 after buying an additional 17,084 shares in the last quarter. Horizon Investments LLC lifted 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 worth $13,496,000 after buying an additional 1,789 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 468.4% in the second quarter. Ameriprise Financial Inc. now owns 27,248 shares of the company’s stock worth $4,623,000 after buying an additional 22,454 shares in the last quarter. AdvisorNet Financial Inc lifted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 15.9% in the first quarter. AdvisorNet Financial Inc now owns 1,460 shares of the company’s stock worth $260,000 after buying an additional 200 shares in the last quarter. Finally, Fisher Asset Management LLC lifted its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 20.5% in the third quarter. Fisher Asset Management LLC now owns 1,479 shares of the company’s stock worth $264,000 after buying 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.