SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sets New 1-Year High – Still a Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $132.04 and last traded at $131.87, with a volume of 1302 shares trading hands. The stock had previously closed at $129.37.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The firm’s 50 day moving average price is $128.31 and its two-hundred day moving average price is $123.37. The company has a market cap of $704.78 million, a P/E ratio of 18.55 and a beta of 0.79.

Institutional Trading of SPDR Russell 1000 Low Volatility Focus ETF

Several hedge funds have recently modified their holdings of ONEV. Creative Financial Designs Inc. ADV lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 20.4% in the third quarter. Creative Financial Designs Inc. ADV now owns 6,210 shares of the company’s stock valued at $806,000 after buying an additional 1,053 shares in the last quarter. Grey Fox Wealth Advisors LLC lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 13.0% in the third quarter. Grey Fox Wealth Advisors LLC now owns 3,800 shares of the company’s stock valued at $493,000 after buying an additional 437 shares in the last quarter. Finally, Fifth Third Securities Inc. lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 30.4% in the second quarter. Fifth Third Securities Inc. now owns 10,079 shares of the company’s stock valued at $1,191,000 after buying an additional 2,348 shares in the last quarter.

SPDR Russell 1000 Low Volatility Focus ETF Company Profile

The SPDR Russell 1000 Low Volatility Focus ETF (ONEV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an index of large-cap stocks from the Russell 1000 Index, selected and weighted by four factors that are scaled by market cap. ONEV was launched on Dec 2, 2015 and is managed by State Street.