27-Mar-2024
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The SPDR SSGA US Large Cap Low Volatility Index ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the SSGA US Large Cap Low Volatility Index. The SSGA US Large Cap Low Volatility Index is designed to track the performance of U.S. large capitalization companies that exhibit low volatility. Volatility is a statistical measurement of the magnitude of movements in a stocks price over time.
SPDR Ssga US Large Cap Low Volatility Index ETF trades on the ARCA stock market under the symbol LGLV.
As of March 27, 2024, LGLV stock price climbed to $155.23 with 15,639 million shares trading.
LGLV has a beta of 0.65, meaning it tends to be less sensitive to market movements. LGLV has a correlation of 0.62 to the broad based SPY ETF.
LGLV has a market cap of $726.48 million. This is considered a Small Cap stock.
In the last 3 years, LGLV stock traded as high as $155.23 and as low as $121.28.
LGLV has underperformed the market in the last year with a price return of +19.3% while the SPY ETF gained +33.6%. LGLV has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +7.8% and +1.0%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
LGLV support price is $152.19 and resistance is $153.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LGLV stock will trade within this expected range on the day.