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

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) shares reached a new 52-week high 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 Trading Up 0.6%

The company’s 50-day moving average price is $139.06 and its two-hundred day moving average price is $137.67. The company has a market cap of $517.64 million, a P/E ratio of 18.12 and a beta of 0.81.

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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. increased its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 4.0% in the 4th quarter. Ameritas Investment Partners Inc. now owns 358,735 shares of the company’s stock worth $47,778,000 after purchasing an additional 13,644 shares during the last quarter. HF Advisory Group LLC boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 758.1% in the fourth quarter. HF Advisory Group LLC now owns 106,681 shares of the company’s stock worth $14,208,000 after purchasing an additional 94,249 shares during the period. Cetera Investment Advisers boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 8.3% in the first quarter. Cetera Investment Advisers now owns 46,038 shares of the company’s stock worth $6,177,000 after purchasing an additional 3,523 shares during the period. Provident Wealth Management LLC boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 0.4% in the first quarter. Provident Wealth Management LLC now owns 40,630 shares of the company’s stock worth $5,451,000 after purchasing an additional 164 shares during the period. Finally, Equitable Holdings Inc. boosted its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 0.5% in the fourth quarter. Equitable Holdings Inc. now owns 36,897 shares of the company’s stock worth $4,914,000 after purchasing an additional 170 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.