State Street SPDR US Small Cap Low Volatility Index ETF (SMLV)
State Street SPDR US Small 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 $160.92, up 0.52% on the session, giving a market capitalisation of $257.1M. Its beta of 0.79 implies it has historically moved less than the broad market.
The State Street SPDR US Small Cap Low Volatility Index ETF (SMLV) strives to deliver investment returns that broadly match the total return of the State Street US Small Cap Low Volatility Index, before accounting for fees and operating expenses. This underlying index is constructed from a selection of U.S. equities, specifically those listed on a U.S. exchange whose market capitalizations fall between the 1,001st and 3,000th positions among the top 2,000 U.S. stocks at each rebalance date. The index applies a systematic methodology focused on increasing its allocation to companies within its eligible universe that display lower price volatility. Consequently, securities demonstrating reduced volatility are given a higher weighting within the index, contingent upon meeting specific liquidity criteria.
State Street SPDR US Small Cap Low Volatility Index ETF is most often compared with the following Financial Services names: