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

Shares of SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) reached a new 52-week high on Friday . The company traded as high as $179.46 and last traded at $179.3190, with a volume of 9132 shares. The stock had previously closed at $178.88.

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

The firm’s fifty day moving average price is $175.52 and its 200-day moving average price is $175.68. The firm has a market cap of $1.14 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

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 148.7% in the second quarter. JPMorgan Chase & Co. now owns 175,531 shares of the company’s stock valued at $30,649,000 after buying an additional 104,963 shares during the last quarter. Horizon Investments LLC increased its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 2.4% during the third quarter. Horizon Investments LLC now owns 75,750 shares of the company’s stock worth $13,496,000 after acquiring an additional 1,789 shares during the period. Ethos Financial Group LLC raised its holdings in SPDR SSGA US Large Cap Low Volatility Index ETF by 1.3% during the third quarter. Ethos Financial Group LLC now owns 37,502 shares of the company’s stock worth $6,681,000 after purchasing an additional 465 shares in the last quarter. Ameriprise Financial Inc. boosted its stake 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 valued at $4,623,000 after buying an additional 22,454 shares in the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 2.6% in the 3rd quarter. Jones Financial Companies Lllp now owns 2,471 shares of the company’s stock valued at $437,000 after purchasing an additional 62 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.