SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Sees Unusually-High Trading Volume – Here’s Why

Shares of SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) saw unusually-strong trading volume on Tuesday . Approximately 16,706 shares changed hands during mid-day trading, a decline of 30% from the previous session’s volume of 23,876 shares.The stock last traded at $172.27 and had previously closed at $170.56.

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

The company’s fifty day moving average is $170.61 and its 200 day moving average is $170.15. The company has a market capitalization of $900.76 million, a P/E ratio of 23.59 and a beta of 0.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of LGLV. Comprehensive Financial Planning Inc. PA bought a new position in SPDR SSGA US Large Cap Low Volatility Index ETF in the 4th quarter valued at $41,000. Avior Wealth Management LLC bought a new position in SPDR SSGA US Large Cap Low Volatility Index ETF in the 4th quarter valued at $67,000. Jones Financial Companies Lllp boosted its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 64.1% in the 4th quarter. Jones Financial Companies Lllp now owns 1,050 shares of the company’s stock valued at $174,000 after purchasing an additional 410 shares during the period. Private Trust Co. NA boosted its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 14.5% in the 3rd quarter. Private Trust Co. NA now owns 1,122 shares of the company’s stock valued at $190,000 after purchasing an additional 142 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 34.6% in the 4th quarter. JPMorgan Chase & Co. now owns 4,355 shares of the company’s stock valued at $719,000 after purchasing an additional 1,119 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.