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

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $143.90 and last traded at $143.90, with a volume of 254 shares. The stock had previously closed at $141.62.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The firm has a market capitalization of $517.68 million, a P/E ratio of 18.12 and a beta of 0.81. The company has a 50-day moving average price of $139.26 and a 200-day moving average price of $137.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONEV. HF Advisory Group LLC lifted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 758.1% during the fourth quarter. HF Advisory Group LLC now owns 106,681 shares of the company’s stock worth $14,208,000 after acquiring an additional 94,249 shares in the last quarter. Ameritas Investment Partners Inc. lifted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 6.7% during the third quarter. Ameritas Investment Partners Inc. now owns 345,091 shares of the company’s stock worth $45,934,000 after acquiring an additional 21,609 shares in the last quarter. Ameritas Advisory Services LLC lifted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 1,998.9% during the fourth quarter. Ameritas Advisory Services LLC now owns 21,829 shares of the company’s stock worth $2,907,000 after acquiring an additional 20,789 shares in the last quarter. Fisher Asset Management LLC bought a new position in SPDR Russell 1000 Low Volatility Focus ETF during the fourth quarter worth about $1,045,000. Finally, NewEdge Advisors LLC lifted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 227.4% during the third quarter. NewEdge Advisors LLC now owns 8,840 shares of the company’s stock worth $1,177,000 after acquiring an additional 6,140 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.