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

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $137.60 and last traded at $137.53, with a volume of 2504 shares. The stock had previously closed at $137.33.

SPDR Russell 1000 Low Volatility Focus ETF Trading Up 0.1%

The firm has a market cap of $573.21 million, a price-to-earnings ratio of 18.12 and a beta of 0.88. The business’s 50-day simple moving average is $133.46 and its two-hundred day simple moving average is $132.43.

Hedge Funds Weigh In On SPDR Russell 1000 Low Volatility Focus ETF

Hedge funds have recently bought and sold shares of the company. CW Advisors LLC acquired a new stake in SPDR Russell 1000 Low Volatility Focus ETF during the 2nd quarter worth about $16,623,000. Ameritas Investment Partners Inc. boosted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 6.7% during the 3rd quarter. Ameritas Investment Partners Inc. now owns 345,091 shares of the company’s stock valued at $45,934,000 after purchasing an additional 21,609 shares in the last quarter. 21 West Wealth Management LLC acquired a new stake in SPDR Russell 1000 Low Volatility Focus ETF during the second quarter worth approximately $1,401,000. Fifth Third Securities Inc. grew its stake in SPDR Russell 1000 Low Volatility Focus ETF by 47.1% during the third quarter. Fifth Third Securities Inc. now owns 23,058 shares of the company’s stock worth $3,069,000 after purchasing an additional 7,386 shares during the period. Finally, NewEdge Advisors LLC increased its holdings in SPDR Russell 1000 Low Volatility Focus ETF by 227.4% in the third quarter. NewEdge Advisors LLC now owns 8,840 shares of the company’s stock worth $1,177,000 after purchasing 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.