State Street SPDR US Large Cap Low Volatility Index ETF (LGLV)
State Street SPDR US Large Cap Low Volatility Index ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Boston, MA, US. The stock last traded at $176.44, up 0.04% on the session, giving a market capitalisation of $1.08B. Its beta of 0.48 implies it has historically moved less than the broad market.
The State Street SPDR US Large Cap Low Volatility Index ETF (LGLV) is designed to replicate the investment performance of its benchmark, the State Street US Large Cap Low Volatility Index, before factoring in any fees or operational costs. This underlying index is strategically composed of a subset of the 1,000 largest publicly traded U.S. companies by market capitalization, as assessed during its periodic rebalancing. The index utilizes a predefined, systematic process to identify and give greater prominence to stocks that have historically exhibited lower price fluctuations. Specifically, the index methodology allocates higher weights to those securities demonstrating the most stable price movements, while also ensuring adequate market liquidity.