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 stock price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $134.76 and last traded at $134.76, with a volume of 326 shares changing hands. The stock had previously closed at $133.75.

SPDR Russell 1000 Low Volatility Focus ETF Stock Performance

The business’s 50 day simple moving average is $129.61 and its 200-day simple moving average is $124.57. The company has a market cap of $721.04 million, a price-to-earnings ratio of 18.55 and a beta of 0.79.

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

A number of institutional investors have recently modified their holdings of the stock. Grey Fox Wealth Advisors LLC lifted its stake in shares of SPDR Russell 1000 Low Volatility Focus ETF by 13.0% in the 3rd quarter. Grey Fox Wealth Advisors LLC now owns 3,800 shares of the company’s stock valued at $493,000 after purchasing an additional 437 shares during the last quarter. Creative Financial Designs Inc. ADV lifted its stake in shares of 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 valued at $806,000 after purchasing an additional 1,053 shares during the last quarter. Finally, Fifth Third Securities Inc. lifted its stake 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 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.