SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Reaches New 52-Week High – Should You Buy?

SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV)’s share price hit a new 52-week high on Monday . The stock traded as high as $134.76 and last traded at $134.76, with a volume of 326 shares trading hands. The stock had previously closed at $133.75.

SPDR Russell 1000 Low Volatility Focus ETF Price Performance

The firm has a market cap of $721.04 million, a price-to-earnings ratio of 18.55 and a beta of 0.79. The company has a fifty day moving average price of $129.61 and a two-hundred day moving average price of $124.57.

Institutional Trading of SPDR Russell 1000 Low Volatility Focus ETF

Institutional investors have recently modified their holdings of the company. Fifth Third Securities Inc. increased its holdings in shares of SPDR Russell 1000 Low Volatility Focus ETF by 30.4% in the 2nd quarter. Fifth Third Securities Inc. now owns 10,079 shares of the company’s stock valued at $1,191,000 after purchasing an additional 2,348 shares during the period. Creative Financial Designs Inc. ADV lifted its position in SPDR Russell 1000 Low Volatility Focus ETF by 20.4% in the 3rd quarter. Creative Financial Designs Inc. ADV now owns 6,210 shares of the company’s stock worth $806,000 after buying an additional 1,053 shares in the last quarter. Finally, Grey Fox Wealth Advisors LLC boosted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 13.0% during the 3rd quarter. Grey Fox Wealth Advisors LLC now owns 3,800 shares of the company’s stock valued at $493,000 after buying an additional 437 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.