SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sets New 52-Week High – Still a Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $136.16 and last traded at $136.15, with a volume of 4908 shares traded. The stock had previously closed at $135.15.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The company’s 50 day simple moving average is $133.06 and its 200 day simple moving average is $132.19. The stock has a market cap of $568.79 million, a PE ratio of 18.12 and a beta of 0.88.

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

Hedge funds have recently made changes to their positions in the business. Parallel Advisors LLC bought a new position in SPDR Russell 1000 Low Volatility Focus ETF during the second quarter valued at about $37,000. Nova Wealth Management Inc. raised its position in SPDR Russell 1000 Low Volatility Focus ETF by 25.3% in the second 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 period. Keystone Financial Services LLC purchased a new position in SPDR Russell 1000 Low Volatility Focus ETF in the second quarter valued at about $242,000. Argyle Capital Partners LLC boosted its stake in SPDR Russell 1000 Low Volatility Focus ETF by 32.4% in the second quarter. Argyle Capital Partners LLC now owns 2,229 shares of the company’s stock valued at $288,000 after acquiring an additional 545 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the 2nd quarter valued at approximately $489,000.

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.