SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) Sees Large Volume Increase – Still a Buy?

Shares of SPDR Russell 1000 Low Volatility Focus ETF (NYSEARCA:ONEV) saw strong trading volume on Thursday . 4,746 shares changed hands during trading, a decline of 13% from the previous session’s volume of 5,428 shares.The stock last traded at $128.48 and had previously closed at $129.46.

SPDR Russell 1000 Low Volatility Focus ETF Stock Up 0.9 %

The stock’s fifty day moving average price is $128.00 and its 200-day moving average price is $128.82. The company has a market capitalization of $592.66 million, a price-to-earnings ratio of 18.96 and a beta of 1.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in shares of SPDR Russell 1000 Low Volatility Focus ETF during the 4th quarter worth about $87,000. Jones Financial Companies Lllp boosted its position in SPDR Russell 1000 Low Volatility Focus ETF by 95.8% during the fourth quarter. Jones Financial Companies Lllp now owns 2,912 shares of the company’s stock valued at $365,000 after purchasing an additional 1,425 shares during the last quarter. Creative Financial Designs Inc. ADV grew its stake in SPDR Russell 1000 Low Volatility Focus ETF by 20.4% in the third 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 in the last quarter. SOA Wealth Advisors LLC. grew its stake in SPDR Russell 1000 Low Volatility Focus ETF by 12.9% in the fourth quarter. SOA Wealth Advisors LLC. now owns 7,833 shares of the company’s stock valued at $983,000 after purchasing an additional 895 shares in the last quarter. Finally, Fifth Third Securities Inc. increased its position in shares of SPDR Russell 1000 Low Volatility Focus ETF by 64.0% during the 4th quarter. Fifth Third Securities Inc. now owns 15,773 shares of the company’s stock worth $1,979,000 after purchasing an additional 6,156 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.