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 an uptick in trading volume on Wednesday . 180,445 shares changed hands during mid-day trading, an increase of 432% from the previous session’s volume of 33,928 shares.The stock last traded at $174.4440 and had previously closed at $174.00.

SPDR SSGA US Large Cap Low Volatility Index ETF Price Performance

The stock has a market capitalization of $1.09 billion, a P/E ratio of 23.62 and a beta of 0.79. The stock has a 50 day moving average price of $175.02 and a 200-day moving average price of $175.23.

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

Several large investors have recently added to or reduced their stakes in LGLV. Ethos Financial Group LLC bought a new position in SPDR SSGA US Large Cap Low Volatility Index ETF during the 1st quarter valued at approximately $3,414,000. Ulland Investment Advisors LLC grew its stake in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 289.6% in the second quarter. Ulland Investment Advisors LLC now owns 187 shares of the company’s stock worth $33,000 after acquiring an additional 139 shares during the last quarter. JPMorgan Chase & Co. increased its holdings 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 valued at $30,649,000 after acquiring an additional 104,963 shares in the last quarter. Advantage Trust Co bought a new position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF during the second quarter valued at $38,000. Finally, Horizon Investments LLC raised its position in shares of SPDR SSGA US Large Cap Low Volatility Index ETF by 1.0% in the 1st quarter. Horizon Investments LLC now owns 41,837 shares of the company’s stock worth $7,281,000 after purchasing an additional 433 shares during 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.