SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sets New 12-Month High – Should You Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $137.60 and last traded at $137.53, with a volume of 2504 shares. The stock had previously closed at $137.33.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

The company has a market capitalization of $573.21 million, a P/E ratio of 18.12 and a beta of 0.88. The firm has a fifty day moving average price of $133.46 and a 200-day moving average price of $132.43.

Institutional Investors Weigh In On SPDR Russell 1000 Low Volatility Focus ETF

Several large investors have recently made changes to their positions in the business. Nova Wealth Management Inc. lifted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 25.3% during the 2nd quarter. Nova Wealth Management Inc. now owns 401 shares of the company’s stock worth $52,000 after acquiring an additional 81 shares during the last quarter. Raymond James Financial Inc. raised its position in SPDR Russell 1000 Low Volatility Focus ETF by 1.1% during the second quarter. Raymond James Financial Inc. now owns 20,101 shares of the company’s stock valued at $2,595,000 after purchasing an additional 226 shares in the last quarter. Parallel Advisors LLC purchased a new stake in SPDR Russell 1000 Low Volatility Focus ETF during the second quarter valued at about $37,000. Jones Financial Companies Lllp lifted its stake in SPDR Russell 1000 Low Volatility Focus ETF by 7.5% during the third quarter. Jones Financial Companies Lllp now owns 4,944 shares of the company’s stock worth $654,000 after purchasing an additional 346 shares during the last quarter. Finally, Ausdal Financial Partners Inc. boosted its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 1.4% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 25,209 shares of the company’s stock worth $3,356,000 after purchasing an additional 356 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.