SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Shares Down 0.7% – Time to Sell?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) shares were down 0.7% during mid-day trading on Thursday. The company traded as low as $153.96 and last traded at $153.96. Approximately 11,672 shares were traded during mid-day trading, a decline of 24% from the average session volume of 15,419 shares. The stock had previously closed at $155.02.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

The company has a fifty day moving average price of $146.30 and a two-hundred day moving average price of $143.03. The company has a market capitalization of $292.52 million, a P/E ratio of 17.43 and a beta of 0.79.

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

Several hedge funds and other institutional investors have recently bought and sold shares of ONEV. Cetera Investment Advisers lifted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 8.3% during the 1st quarter. Cetera Investment Advisers now owns 46,038 shares of the company’s stock valued at $6,177,000 after acquiring an additional 3,523 shares during the period. Fifth Third Securities Inc. bought a new stake in SPDR Russell 1000 Low Volatility Focus ETF in the third quarter valued at $4,486,000. Commonwealth Equity Services LLC acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the third quarter valued at about $1,986,000. HF Advisory Group LLC raised its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 6.8% during the second quarter. HF Advisory Group LLC now owns 12,693 shares of the company’s stock valued at $1,816,000 after purchasing an additional 806 shares during the period. Finally, SOA Wealth Advisors LLC. boosted its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 4.4% during the 1st quarter. SOA Wealth Advisors LLC. now owns 10,305 shares of the company’s stock worth $1,383,000 after purchasing an additional 430 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.