SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Hits New 1-Year High – Time to Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $135.53 and last traded at $135.58, with a volume of 659 shares. The stock had previously closed at $134.21.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The firm has a market capitalization of $590.17 million, a P/E ratio of 18.12 and a beta of 0.88. The business has a fifty day moving average of $132.39 and a 200-day moving average of $131.28.

Institutional Inflows and Outflows

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

About SPDR Russell 1000 Low Volatility Focus ETF

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.