See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
SPDR SSgA US Large Cap Low Volatility Index ETF (LGLV) - free report >>
We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
SPDR SSgA US Large Cap Low Volatility Index ETF (LGLV) - free report >>
Image: Bigstock
Low-Volatility ETF (LGLV) Hits New 52-Week High
For investors seeking momentum, SPDR SSGA US Large Cap Low Volatility Index ETF (LGLV - Free Report) is probably on radar now. The fund just hit a 52-week high, which is up roughly 24.9% from its 52-week low price of $83.75/share.
But are more gains in store for this ETF? Let’s take a quick look at the fund and the near-term outlook on it to get a better idea on where it might be headed:
LGLV in Focus
The underlying SSGA US Large Cap Low Volatility Index is designed to track the performance of U.S. large capitalization companies that exhibit low volatility. The fund holds about 126 securities with no stock making up more than 1.94% of the fund. It charges 12 bps in fees (see all Style Box - Large Cap Blend ETFs here).
Why the Move?
Renewed trade tensions between the United States and China have sparked off global growth worries all over again. Global markets have been pretty tumultuous in early May. Though the talks are not completely dead, uncertainty looms large. This has probably brightened the appeal for this kind of low-volatility ETF.
More Gains Ahead?
The fund has a positive weighted alpha of 17.80 which hints at more gains. So, there is definitely still some promise for those who want to ride on this surging ETF a little longer.
Want key ETF info delivered straight to your inbox?
Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week. Get it free >>