SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sees Unusually-High Trading Volume – Time to Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) shares saw strong trading volume on Wednesday . 6,729 shares changed hands during mid-day trading, a decline of 2% from the previous session’s volume of 6,857 shares.The stock last traded at $130.2890 and had previously closed at $130.19.

SPDR Russell 1000 Low Volatility Focus ETF Stock Down 0.6%

The company has a market capitalization of $565.91 million, a price-to-earnings ratio of 18.12 and a beta of 0.88. The business has a 50-day moving average price of $132.29 and a 200-day moving average price of $130.62.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. lifted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 6.7% in the 3rd quarter. Ameritas Investment Partners Inc. now owns 345,091 shares of the company’s stock valued at $45,934,000 after acquiring an additional 21,609 shares in the last quarter. CW Advisors LLC purchased a new stake in shares of SPDR Russell 1000 Low Volatility Focus ETF in the second quarter valued at $16,623,000. Integrated Capital Management LLC boosted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 5.2% in the second quarter. Integrated Capital Management LLC now owns 55,485 shares of the company’s stock worth $7,162,000 after buying an additional 2,748 shares during the period. Berkeley Inc boosted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 5.4% in the third quarter. Berkeley Inc now owns 50,608 shares of the company’s stock worth $6,736,000 after buying an additional 2,596 shares during the period. Finally, Provident Wealth Management LLC grew its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 1.2% during the third quarter. Provident Wealth Management LLC now owns 39,628 shares of the company’s stock valued at $5,275,000 after buying an additional 473 shares in the last quarter.

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.