SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV) Hits New 12-Month High – Time to Buy?

SPDR SSGA US Large Cap Low Volatility Index ETF (NYSEARCA:LGLV)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $185.77 and last traded at $184.6770, with a volume of 44564 shares trading hands. The stock had previously closed at $184.00.

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

The firm has a market cap of $1.15 billion, a PE ratio of 23.62 and a beta of 0.79. The stock has a 50 day moving average price of $178.78 and a two-hundred day moving average price of $176.80.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LGLV. JPMorgan Chase & Co. lifted its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 148.7% during the second quarter. JPMorgan Chase & Co. now owns 175,531 shares of the company’s stock worth $30,649,000 after buying an additional 104,963 shares during the period. Ethos Financial Group LLC increased its position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 88.8% in the 2nd quarter. Ethos Financial Group LLC now owns 37,037 shares of the company’s stock valued at $6,467,000 after acquiring an additional 17,421 shares during the period. Advantage Trust Co purchased a new position in SPDR SSGA US Large Cap Low Volatility Index ETF in the 2nd quarter worth $38,000. Horizon Investments LLC lifted its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 5.0% during the 4th quarter. Horizon Investments LLC now owns 79,572 shares of the company’s stock worth $13,970,000 after acquiring an additional 3,822 shares during the period. Finally, Fisher Asset Management LLC lifted its position in SPDR SSGA US Large Cap Low Volatility Index ETF by 20.5% during 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 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.